“We’ve Never Seen a Rate Rise!” – First Time buyer quoted by the Daily Mail....
Well, At 25 basis points, I think we can argue that you have not really seen one yet, particularly as this was simply a correction to the 2016 rate and we are still in the lowest interest rate environment in history. In any event the language from the MPC was hawkish (just) calling for slow and sustained rises to 1% over the next couple of years. Sterling fell by 1% against the Dollar as investors showed disappointment at the proposed pace given the inflationary pressures in the UK.