Bank of England MPC Minutes now published 4 Feb
– also there be may be concerns over Brexit
– rates more likely than not to rise
"The scale of recent commodity price falls means that CPI inflation is
likely to remain below 1% until the end of the year. As the drags from
energy and other imported goods unwind, however, domestic cost pressures
are projected to build up sufficiently such that, conditioned on the
path for Bank Rate implied by market interest rates, CPI inflation is
likely to exceed the 2% target slightly at the two-year point and then
rise further above it.