bbc.co.uk Navigation

small_change

Odds on a rate rise

The close vote at the last meeting implies the MPC is not panicking, and as rates affect inflation a year or two years ahead there may be no need to rush to a second rise now.

However, there's a significant chance rates will go up again, as the data has been surprisingly strong in the last month.. rising pay settlements, strong retail figures, the economy still growing at an annual equivalent rate of over 3%... why would you wait?

Overall, I'd say there's a one-third chance rates will rise again this month.

The BBC is not responsible for the content of external internet sites

BBC.co.uk