There are two main reasons, argues Martin Weale, director of the National Institute of Economic and Social Research (NIESR), a think-tank.

国家经济社会研究所是一个智囊团。其所长Martin Weale表示，造成上述情况有两个原因。

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Mr King and Monetary Policy Committee colleague Martin Weale said they were watching inflation expectations closely.

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Well, thinks Mr Weale, it is as reliable as it can be, although more changes are planned.

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