BoE nudges interest rates up to 0.25%

"The rise has been a long time coming, and with inflation now at decade high levels, there really is little alternative," comments Strutt & Parker, while Knight Frank Finance says "it’s clear that the Bank of England believes the economy will shrug off most of the effects of Omicron." Chestertons thinks the increase will "have very limited impact on property buyers and existing homeowners."