BoE

Bank expected to 'proceed with caution'

Third move in four months

Rates now 0.5%

After recent interest rate hike to 0.25%

Omicron not seen as a serious threat

Prediction change follows high inflation numbers yesterday

Inflation rises to 4.2% in October

0.15 percentage points

A 'very uncomfortable' place for a central bank

Relief likely to be temporary as energy and food prices rise