Disliked{quote}hi PT is it possible for u to explain what it mean when bank of England says 'spare capacity'in its inflation report of February 2014 "The timing and pace of any increase in Bank Rate will reflect the degree of spare capacity and the pace with which it is being absorbed"Ignored
Seems to me like they are trying to be intentionally vague as they know that they shot themselves in the foot with the forecasts
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