Analysts at Goldman Sachs align with the market consensus for a 50 bps Bank of England (BOE) rate hike this Thursday. The decision will be announced at 11:30 GMT followed by Governor Andrew Bailey’s press conference at 11:30 GMT.

Key quotes

“The Bank of England meet Thursday, a rate hike is widely expected.“

"We expect all MPC members to vote for a 50bp hike next Thursday.”

“However, it is possible we get one dissent for a smaller 25bp hike from External MPC member Tenreyro.”