BOE Decision Day: With a Hike Baked in Traders Look to December

BOE Decision Day: With a Hike Seen as a Done Deal, Traders Look to December In today’s Markets Daily UK: The Bank of England is set to hike interest rates, plus earnings from Next and Diageo. Throughout the day, get the latest news and analysis on the Markets Today live blog. The Bank of England’s interest-rate decision today is seen as a done deal. The central bank will hike its benchmark interest rate to 4% from 3.75%, in its first move since the end of last year (and its first tightening move since 2023). You can read more about what to expect and from which Monetary Policy Committee members in Philip Aldrick’s Decision Day Guide. With markets fully pricing the hike and economists unanimous in forecasting it, the rate decision itself will be of the least interest to markets. What traders will be looking at is what the central bank says about inflation and growth and any hints about what it’s likely to do next.