Markets preparing for higher UK borrowing costs, as focus shifts to BOE’s Super Thursday

Industry experts are urging investors to start preparing for higher UK borrowing costs, even though it might take the Bank of England (BOE) a couple of years to hike the interest rates.

The view comes on the back of the UK’s successful vaccination drive that has super-charged the recovery while the government plans for a full reopening in June look to be on course.

A market measure of price increases climbed to a decade-high last month. Meanwhile, the BOE is widely expected to keep record-low interest rates and 150 billion pounds ($209 billion) of bond buying this year.

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