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mpc: 27 The Committee's best collective judgement was that the key risks to the central projection related to: the outlook for consumer spending; the prospects for net exports; the sustainability of low long-term interest rates; the margin of spare capacity; the evolution of energy prices and their impact on inflation. There was a range of views among members, but the Committee judged that, relative to the central projection, the overall risks were to the downside for growth and broadly balanced for inflation.