The Monetary Policy Committee at the Bank of England has just announced that interest rates are to rise by another 0.25% to 4.5%
Our view
Another expected rise - we are now half way through the year and already half way to 's prediction of a 1.5% rise last year within 18 months. Rates last year 'bottomed' out at 3.75%. We expect them to hit 5.25% around this time next year.