Bank minutes: inflation may hit 4% in spring
Minutes from the most recent meeting of the Bank of England's Monetary Policy Committee (MPC), released on 22 December, highlighted fears that inflation may rise to two percentage points above target.
"The MPC noted that inflation was likely to rise further over coming months and could well reach 4% by the spring, somewhat higher than the November Inflation Report central projection," the minutes of the meeting, which took place on 8 and 9 December, said.
"The Committee's central view remained
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