…as inflation continues to rise
Interest rates will rise from 0.1% to 0.25% after an overwhelming vote by the MPC
Inflation is set to hit 5.5%, but the Bank of England is expected to keep rates at 0.1% tomorrow
The markets decided a rate rise was not going to happen even before the PM’s announcement
Bank of England has told lenders to ring-fence vast sums in case cladding victims default
BoE governor Andrew Bailey denies being an “unreliable boyfriend” despite talking up a rate hike
The Bank of England’s monetary policy committee is expected to increase rates to 0.25% today
Deutsche Bank, JP Morgan and Morgan Stanley all think a hike to 0.25% will come this week
A bump in interest rates could make resi property less attractive
Mortgage lenders are already pricing in a jump to 0.25%, expected on Thursday
Comments by Bank of England chief economist Huw Pill have raised likelihood of interest rate rise
The Bank of England governor’s comments have strengthened investors confidence in a rise