25 bp tomorrow is definate...ppi too, high cpi too high property...

25 bp tomorrow is definate...ppi too, high cpi too high property recovering,personal debt at record levels.
Unemployment too low.

I'd say 99% chance of 25bp and 15% chance of 50 bp

Market has already priced in rates rising by over 50 bp over the next 3 months...whether it all happens tomorrow I doubt but they may be very concerned.

Higher fuel prices and wage demands are only just starting to get passed on to consumers etc

Last oil spike in 1980 was followed by a massive rise in rates and same as the 74 oil crisis.
Check the history...if oil stays here or keeps rising then rates will keep getting jacked up