Inflation up?
Who'd have guessed it, eh?
Government prints off vast quantities of new money and gives it to the big banks.
Banks then start to make vast (paper) profits again, while inflation rises.
I'm not sure we needed a Bank of England forecast to tell us that would happen.
The soothsayers should instead be telling us is what happens when policies based on stimulating over consumption and running up more debt fail to solve an economic mess caused by over consumption and debt. What then?