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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