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mpc: 26 As usual, there were substantial uncertainties surrounding these projections. These included: the implications of rapid growth in money and credit; the momentum in consumption and investment spending; the prospects for world activity; the degree of slack within the economy; and the outlook for wages and prices in the light of movements in energy and import prices. The Committee judged that there were particular uncertainties on the supply side. Overall, the risks to growth and inflation were judged to be broadly balanced, though, as in August, there was greater-than-usual uncertainty over the outlook for inflation.

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