That will take the bank rate to 4.75%, although markets are pricing in the peak to be around 4.84% at the moment. One more rate hike is almost a given but a push towards 5.00% is still very much hanging in the balance - depending on inflation and economic developments in the UK.
BOE to end rate hike cycle in June - Morgan Stanley
- The firm now expects the BOE to deliver one final rate hike next month
