The Bank of England has kept interest rates at 4.0 percent, a month after raising them by a quarter-point, but economists say more hikes are just a matter of time.
House prices and consumer demand have still shown no sign of slowing as the BoE wants despite two 25 basis point rises since November.
However, few analysts had expected a hike so soon after the last one, given sterling's strength and uncertainty about the effect rate rises would have on debt-laden consumers.
With every indicator, however, pointing to an economy powering ahead, the chances are rising that borrowing costs will go up by another quarter-point even as soon as next month as the Bank tries to keep a lid on inflationary pressures further out.
