Of inflation becoming entrenched at an elevated level. And there would still be the risk of longer-term inflation expectations becoming deanchored. Since the summer of 2021, market-based indicators and expert surveys have been showing significant increases. However, survey-based, longer-term expert expectations have been going back down towards our target of late.
The Ouzel Galley, illustrated on the seal on display in the adjacent room, was an Irish merchant ship that set sail from Dublin in 1695 en route to the port of Smyrna in the Ottoman Empire. The ship did not return as scheduled within the following year. After a further two year period with no sightings, she was presumed lost.