Bank of England Increase Rate by .25%

Today, Bank of England (BoE) increases rate by .25% point to .5%

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The vote to increase rate was 7-0-2, meaning 7 members of MPC voted for increase while 2 members voted to hold the rate.

What is the effect of this? Are they are right in increase the rate now when #Brexit negotiation is still going on and the effect is uncertain?

READ MORE ON INFLATION REPORT

Let's discuss about the overall effect of this