The Bank of England has reached the peak with interest rates in this cycle.
That's the firm view of the markets and most analysts, despite three members of the nine-strong Monetary Policy Committee disagreeing and voting for a rate hike this week.
The question has now shifted from how high will rates go, to when will they be cut?
The boldest predictions are for more than 1 per cent to be shaved off the base rate next year.
On this podcast, Georgie Frost, Lee Boyce and Simon Lambert look at what next for interest rates both here and in the US - and whether markets are running away with themselves.