The Bank of England is anticipated to raise interest prices for the 15th consecutive time on Thursday, bringing them to five.five%. Market place expectations indicate a 70% likelihood of a 25 basis-point improve, but this is probably to be the final hike in the close to future. Although it is broadly believed that the central bank will adopt a “one and done” method, there is some uncertainty surrounding this assumption. The Monetary Policy Committee could potentially choose to pause, as they may well really feel that adequate tightening has currently been implemented. Governor Andrew Bailey and Chief Economist Huw Pill have recommended that prices are close to reaching their peak, working with the metaphor of “Table Mountain”. On the other hand, Catherine Mann, the most hawkish committee member, supports tightening policy additional, though the most dovish member, Swati Dhingra, argues that existing policy is currently restrictive adequate.