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@cozzzzzzzz
I don't get the increasing mood music around rate rises. my understanding is that the traditional rationale for rate rises is to move money in circulation from consumption to saving. that makes sense if there's too much cash chasing goods (i.e. a demand problem) but what we have here is a (temporary?) disruption to supply (i.e. not an overheating economy.) increasing rates now strikes me as a recipe for disaster, given the elevated levels of household indebtedness. and it won't just be a problem for those with mortgages, but also those with maxed out credit cards. if all you have is a hammer, I guess... but I'm not convinced