Bank of England readies for biggest rate rise since 1989

by the same amount to 1.5% last week. But the Fed said future rate rises might come in smaller steps.The BoE's task is made especially tricky by a lack of clarity over government policy.

The government's energy subsidies are due to cease in April, so the BoE may forecast a fresh peak for inflation when it updates its forecasts on Thursday. Investors expect the BoE's Bank Rate to hit 3.5% in December and 4.75% next May - the highest since 2008 though below the peak of around 6% projected during last month's market turmoil.

Can Not Wait Hope the over leveraged buy to let owners get royally fucked.

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