The bank's central projection for inflation shows it rising a bit further next year.

ECONOMIST: Economic troubles: When the credit dries up | The

In particular, it worries that the short-term outlook for consumer spending may prove more disappointing than its central projection.

ECONOMIST: The Bank dampens hopes of interest-rate cuts

MPC's central projection is that inflation will be close to the 2% target in two years' time (see chart).

ECONOMIST: The Bank is in no hurry to raise the price of money

The Bank of England's central projection is that house-price inflation will subside to zero by the end of 2004.

ECONOMIST: House prices

Another view is that despite the tight labour market, wage pressures will not rise by as much as the central projection supposes.

ECONOMIST: The economy

The Bank of England's Quarterly Inflation Report forecasts a range of different outcomes for GDP growth, which it publishes in a graph, with the darker central projection considered the most likely.

BBC: Bank of England forecasts 'choppy' economic recovery

The central projection in the latest graph shows that the Bank predicts growth somewhere between 2.5% and 3% next year, below its previous forecast, but above the Office for Budget Responsibility's current estimate of 2.3%.

BBC: Bank of England forecasts 'choppy' economic recovery

The central bank has also lowered its growth projection for the year to 5.5% from 5.8%.

BBC: Indian food market

Examples of an expeditionary approach to warfighting that drew upon such infrastructure include Kosovo, a case of power projection within a region, in pursuit of regional stability and in concert with regional allies, and Afghanistan, a case of global power projection, in which forces flowed into Central Asia from US, European, and Asian theaters.

CENTERFORSECURITYPOLICY: Transforming the United States Global Defense Post