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Evening Standard
Evening Standard
Business
Michael Hunter

High noon looms for talk of super-sized rake hike from the Bank of England

Bank of England United Kingdom United States MPC

Attention turns to the Bank of England’s famous facade for a delayed rate call on Thursday (Yui Mok/ PA)

(Picture: PA Wire)

Talk of US-style, super-sized rate hikes reaching the UK this week is setting the tone to trade in the City and stoking speculation that the Bank of England could up the pace of its fight against inflation when it meets this week.

The outcome of the Monetary Policy Committee’s September meeting will be announced at high noon on Thursday. It will follow the Federal Reserve’s rate call in the US on Wednesday, at which some City experts predict a rise of 1%.

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