The public, including specialists in the various markets, will have ample opportunity to provide input on these options, and these contributions will no doubt help us in reaching a final decision. Events, of course, have conspired to make this decision less pressing, but it remains our responsibility to be prepared. BIS Review 84/2001  7
Price pressures are spreading across more and more sectors, in part owing to the impact of high energy costs across the whole economy. Accordingly, measures of underlying inflation remain at elevated levels and the latest staff projections see inflation excluding food and energy reaching 3.9 per cent in 2022, 3.4 per cent in 2023 and 2.3 per cent in 2024.