Markets have already pencilled in another two hikes before the end of this year. This is in stark contrast to the US.
Calum Muirhead is a City Reporter who writes for This Is Money and MailOnline. With a focus on finance and economics, Muirhead covers a range of topics including inflation, cost of living, rate hikes, and economic collapses. Muirhead's recent articles have explored the Bank of England's fight against inflation, the UK's movie industry, and the economic crisis in Argentina.