Bank of England starts to dust off its inflation-fighting credentials

Telegraph
"I'm not the only one wondering how long the Bank's Monetary Policy Committee (MPC) can hold out against raising interest rates.

On Tuesday, we got an answer of sorts. Paul Fisher, the Bank's markets director, published remarks he made in Liverpool in a speech given on June 14. They appear to show a determination to raise rates "should it appear likely that inflationary pressure is sustained at a higher level into the medium term".