Wanna bet?
![Wink ;) ;)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
In any event a 0.25% rise in rates aint gonna hit that market (medium/long term).
The clamour for rate rises is from vested interests wanting more transfer of wealth, it has nothing to do with calming down markets, cooling consumer spending, or wage inflation which is in fact deflationary (wage deflation has been here for 5 years and as such is similar to the 1920's/30's).
The UK natives could cope with higher inflation, and the inflation is imported, so unless there is a tri party agreement with the US and the EU to raise rates (significantly) then 'our' fuel inflation, basic food-stuff inflation and raw material inflation will not arrest with a raising of interest rates. Crop failure must also be removed from speculation, and crop use in the US for Ethanol (cheap fuel) likewise distorts markets indepedently of speculation..
Only 3 out of 9 voted for rate rises..The Jury is still well out on this one. imho a rate rise wouldn't happen in the 3rd quarter+..