After the Fed, the ECB and the Bank of England are set to lift interest rates. Here’s what to expect.

The European Central Bank and Bank of England are expected on Thursday to match the Federal Reserve by raising interest rates 50 basis points. All are doing so to battle inflation that has at various times this year hit multi-decade highs. But the scenarios they face are all slightly different.

Here’s what to expect, and why, from the European monetary guardians.

Bank of England decision

First…