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BOE Hike Seen as Certain After Inflation Shock: Decision Guide

BOE expected to raise interest rates to 4.75%, with a chance of a bigger hike to 5%. Markets believe UK interest rates may reach 6%. Renewed rise in mortgage rates may impact refinance for 1.3 million households.

  • BOE expected to raise interest rates again to 4.75%, with a chance of a bigger hike to 5%.
  • Markets believe UK interest rates may reach 6%, the highest in two decades.
  • BOE may signal that inflation is stickier than previously expected.
  • Renewed rise in mortgage rates may impact demand and refinance for 1.3 million households.
  • Debate over BOE's reversal of quantitative easing likely to arise.
BOE Hike Seen as Certain After Inflation Shock: Decision Guide
Britain’s red-hot inflation may force the Bank of England to step up the pace of its interest rate rises again on Thursday against a backdrop of chaos in the UK mortgage market.

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