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Page last updated at 08:20 GMT, Thursday, 13 January 2011

Should interest rates rise?


The base rate of interest has remained at 0.5% since March 2009, and today it is expected to be announced that the figure will not rise for the next month, despite a rise in inflation to well above the 2% target.

Former MPC members Professor Charles Goodhart and Willem Buiter debate whether the Bank of England should increase interest rates.

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