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This means getting rates well into restrictive territory, and quickly, should signs of more embedded inflation emerge, we think Bank Rate of 6-7 % will be required to bring inflation dynamics under control. For now though, we continue to think evidence for such effects are limited with increases in unemployment still more likely to allow the MPC to pause around the turn of the year.

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    In which movie does this quote appear: "Let me tell you something my friend. Hope is a dangerous thing. Hope can drive a man insane." ?
    A Shawshank Redemption
    B Die Hard
    C Mission: Impossible
    D Blues Brothers