my onion on the matter is that they have gone up fairly quickly and it's not done what they wanted the rises to do
so now they will be much more cautious in either raising or lowering them
i'm on a variable tracker set as (i think) 0.5% below the boe base rate so it's not been too bad for me, nor should it be in the next 2 years, but i can't see them going up any more than i can see them coming down
in a few months to the run up to xmas people will be getting squeezed so they won't spend as much, which wuld put the boe in the position where they can lower the rate just a tad after xmas to help with the "sales" or keep them as they are and let businesses suffer