Bank of England expected to hike interest rates to 4%

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The Bank of England is expected to push interest rates higher today, in the 10th hike in in a row.

But some experts think the Bank is heading towards the end of its cycle of rate hikes, bringing some potential relief to strained borrowers.

Markets expect the Bank’s monetary policy committee (MPC) to raise interest rates to 4% on Thursday, from the current rate of 3.5%.