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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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    Quiz

    Are you a quotes master?

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    In which movie does this quote appear: "I'm sure in 1985, plutonium is available at every corner drugstore, but in 1955 it's a little hard to come by"?
    A Love & Plutonium
    B Pulp Fiction
    C Back to the Future
    D The Big Lebowski