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</script> </div> <h1 class="f-ha fg-850029" id="title">High Anxiety</h1> <p class="f-standfirst"> Rising inflation is a complication for the Bank of England. But raising interest rates too fast would put recovery at risk </p> </div> <a name="p"></a><a name="tab-1"></a><a name="tab-2"></a><a name="tab-3"></a><a name="tab-4"></a><a name="tab-5"></a><a name="tab-6"></a> <div class="cf "> <div class="article showTeaserPage" id="tabs"> <div id="tab-1" class="noImage tab"> <div class="background"> <div class="utilities"> <div id="articleToolsWrapper"> <div id="articleTools"> <ul class="printComment"> <li class="post-comment"> <a href="#commentsStart" class="pngfix"> <span class="articleComments"></span> </a> </li> <li class="print"> <a href="#" class="pngfix"><span>Print</span></a> </li> </ul> <h4>Share via</h4> <ul class="sharing"> <li class="fb"> <a class="pop" href="https://web.archive.org/web/20150523233749/https://www.facebook.com/dialog/feed?display=popup&app_id=135261079877127&link=http://www.thetimes.co.uk/tto/opinion/leaders/article2879588.ece&redirect_uri=http://www.thetimes.co.uk/includes/socialcallback.html"><span>Facebook</span></a> </li> <li class="twitter"> <a class="pop" href="https://web.archive.org/web/20150523233749/https://twitter.com/share?url=http://www.thetimes.co.uk/tto/opinion/leaders/article2879588.ece&text=High Anxiety"><span>Twitter</span></a> </li> <li class="google"> <a class="pop" href="https://web.archive.org/web/20150523233749/https://plus.google.com/share?url=http://www.thetimes.co.uk/tto/opinion/leaders/article2879588.ece"><span>Google+</span></a> </li> </ul> </div> </div> </div> <div class="byline-timestamp"> <div class="f-regular-update"> Last updated at 12:01AM, January 19 2011 </div> </div> <script type="text/javascript"> var articleType = 'leader'; var acsURL = 'https://web.archive.org/web/20150523233749/http://store.thetimes.co.uk/?ILC=INT-TNL_The_Times-teaser-button-5_17_2013_-6&goto='; </script> <div id="bodycopy" class="bgGradRelPos"> <div id="teaserFader" class="bgGradAbsPos bgGradBrowThunderer"> </div> <div class="contentpage currentpage" id="page-1"> <p class="first">The Governor of the Bank of England will have to exert extreme control over his eyebrow in the next few months. With inflation continuing to rise, the Bank faces a very tricky balancing act. It is getting harder to explain the steady rise in prices as a “blip”. Yesterday’s jump in the consumer prices index, to a higher than predicted 3.7 per cent, is part of a worrying trend. Everyone is now watching the Governor’s eyebrow, trying to divine when the Monetary Policy Committee will raise interest rates.</p> <p>The problem is clear to all shoppers. The recent rise in VAT,</p> </div> </div> </div>  <div id="teaserMarketingCta"> <div class="teaserMarketingCtaBody"> <div class="default-teaser"> <a href="https://web.archive.org/web/20150523233749/http://store2.thetimes.co.uk/?ILC=INT-TNL_The_Times-teaser-image-7_01_2013_-61"> <img src="https://web.archive.org/web/20150523233749im_/http://www.thetimes.co.uk/tto/multimedia/archive/00848/109036987_times_tea_848662a.jpg"/></a> </div> <div class="ireland-teaser"> <a href="https://web.archive.org/web/20150523233749/http://store2.thetimes.co.uk/?ILC=INT-TNL_The_Times-teaser-image-7_01_2013_-61"> <img src="https://web.archive.org/web/20150523233749im_/http://www.thetimes.co.uk/tto/multimedia/archive/00848/109036987_times_tea_848662a.jpg"/></a> </div> </div> <div class="foot"> <div id="teaserFootInnerContainer"> <div id="teaserFindOutMore">Subscribe now</div> <div id="teaserLogin">Login</div> <div id="teaserFootText">Already a subscriber?</div> </div> </div> </div> <div id="teaser-overlay"> 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