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    The economy is not is 'disarray', it is weak and vulnerable after the longest and deepest recession for 80 years.

    It is indeed a finely tuned decision but one cause of price rises (inflation) is too much money in the system so, PaulB a small start must be made to extract some of that QE. A small increase in rates will have minimal impact now on mortgages and may stop much, much bigger rate rises later.

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