Bank of England 25bp rate hike baked in for Thursday 03 February 2022

The 0.25% rise expected today will take the cash rate to 0.5%
38 of 42 analysts polled by Bloomberg also tip the hike
Also, the BoE has signalled it will start the process of balance sheet reduction (‘quantitative tightening’) once the cash rate reaches the 0.5% level

the Bank will finish reinv