* FTSE up 0.14%, FTMC up 0.16%

* UK CPI holds at 13-month low of 2.8% in May

* BoE expected to keep interest rates at 3.75% on Thursday

(Updates after markets close)

By Utkarsh Hathi and Tharuniyaa Lakshmi

June 17 (Reuters) - Britain's FTSE indexes closed higher on

Wednesday, with gains in miners offsetting broader declines,

while investors weighed domestic inflation data ahead of

interest rate decisions by the Bank of England and the U.S.

Federal Reserve.

The blue-chip FTSE 100 closed up 0.14% at 10,508.61

points, while the midcap FTSE 250 added 0.16%.

* Precious metal miners rose 3.3% in their

fifth consecutive session of gains, their longest gaining streak

since late February - when the U.S.-Israeli war against Iran

began.

* Banks were the biggest boost to the

benchmark FTSE 100, with Barclays ( BCS ) rising 3.4% after

BofA Global Research raised its price target

* Markets are awaiting the Fed's interest rate decision due

later in the day, with focus on comments from new Chair Kevin

Warsh.

* Back home, British inflation unexpectedly held at 2.8% for

May, compared with a 3% rise economists polled by Reuters had

expected.

* The data prompted traders to trim their expectations for a

rate hike later this year, a day ahead of the BoE's rate

decision, widely expected to remain steady.

* Homebuilders gained 3.2%. Separately,

British house prices rose in the year to April, data showed.

* "For the investor it is a dilemma; good news for the

economy's resilience is bad news as it justifies a rate hike,"

said Nick Saunders, CEO of online investment platform Webull UK.

* On the flip side, consumer-leaning stocks were the biggest

weights, with the personal goods sub-index down

2.3%, and the personal care, drug and grocery index

off 1%.

* Oil giants BP and Shell L> were down 1.6% and

1% respectively, dragging the energy index down

1.2%.

(Reporting by Utkarsh Hathi and Tharuniyaa Lakshmi in

Bengaluru; Editing by Tasim Zahid and Joyjeet Das)