Once bitten, twice inflated: The Bank of England's rate cut conundrum

Once bitten, twice inflated: The Bank of England's rate cut conundrum

After the MPC’s historic second vote on interest rates, is the Bank of England torn between fears of recession and inflation, asks Helen Thomas Seventeen years ago this month, the Bank of England produced its quarterly Inflation Reportas usual. In the 56 pages, the Bank’s forecasters laid out carefully crafted charts andanalysis of how growth would ultimately pick up and inflation risks were, in central bankerparlance, “judged to be on the upsid…