AJ Bell head of personal finance Sarah Coles suspects things will ramp up quickly in the coming months.
She said: “Don’t get comfortable. The MPC may have pressed pause on rates, but it’s expected to fast forward from here.
“The pressure is building. The market expects the first hike in November, a total of three by March and as many as five by July.
“The market has been wrong before – many times – so none of this is nailed on.”
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