And while the members of the MPC voted six to three in favour of keeping rates on hold at 0.5% this month, it is the fourth month in a row that three members have voted for a rise.
For the past month we’ve carried out a poll on our home page asking when you think rates may go up. With the news that inflation has risen again, we are asking the same question to see if your views have changed.
So go to the Mortgage Introducer home page and vote in our poll to give us your opinion. We will give you the results next month.
The results of our April survey, carried out up to the latest CPI announcement, showed that over half (51.9%) of you believe the Bank base rate will stay on hold until the second half of this year.
Around 6% voted for a June rise while 5.1% of you think rates will go up in July.
A significant number of you - 32.1% - don’t think the Monetary Policy Committee will raise rates until next year.
But have you changed your mind? Go and vote now in the poll and we will let you know next month if your opinion matches the rest of your industry.
