Report The Gilts Thread in House prices and the economy Posted 8 hours ago 1 hour ago, Timm said: The general consensus view seems to be that the markets have suddenly decided that inflation (and therefore interest rates) are about to be reported as much higher in the UK than expected. This could be because the expected CPI figure of 4.1 is going to come out a lot higher than forecast. The next CPI figure comes out this Wednesday, so a leak is possible. Agreed. Last time round we had major bouts of QE, the official inflation figure hit 5% and the BoE was unmoved. Presumably, these latest rumours suggest we're on a fast track to exceed that soon.