BoE hikes more likely to be small and short rather than large and long

The rise in interest rates from 3.75% to 4.00% announced by the Bank of England today is more likely to mark the start of small and short-lived rise in rates rather than the large and long-lasting rise investors appear to expect. That’s especially the case if the falls in energy prices in recent days go further. 

We’ll be discussing what the Bank of England’s decision means for the economy, housing and financial markets in a 20-minute online briefing at 3pm GMT today. (Register here.)