Economics / Markets

Bank of England rate hike expected as inflation rises

All eyes on Bank of England interest rate decision

Some of the most affected stocks were non-financials

Meeting prompted by tumultuous week for banks across the world

OBR also forecasts inflation set to fall to 2.9%

Chancellor set to receive a windfall to the tune of £30bn

Collapse is not an echo of 2008 - this time it is different

MPC member Swati Dhingra spoke on the issue

Inflation is forecast to drop to under 5% in the coming year

Time to acknowledge the 'foggy nature' of current conditions