Faisal Islam: One More Rate Hike, Then It’s Over

BBC economics editor Faisal Islam predicts the Bank of England will raise rates one last time before the City settles into a new equilibrium.

That prediction has the City buzzing like a squirrel on a caffeine buzz. Bankers in the Square Mile are already rehearsing the next ‘rate’ like a new dance move, while some City folk wonder if the pound will finally stop wobbling after that final hike.

In the end, the only thing the City will know for certain is that its love affair with interest rates is a long story that never ends, much like the never-ending line of coffee orders.