Bank of England expected to raise interest rates for first time in three years today – business live

Rolling coverage of the latest economic and financial news Today’s decision is an opportunity for the Bank of England to push back against market expectations for several rate rises in 2027. Currently, the money markets are pricing in up to three rate rises next year, on top of one at noon today. Another rate hike in February seems to be the growing consensus – and our own view too. There’s little precedent for ‘one-and-done’ rate rises. But it’s one thing thinking that, another saying it out loud. There’s a lot that can happen between now and February. And having made a hawkish misstep all…