rate, up to 0.25%. but interestingly, the markets are now predicting that by the end of next year, they ll get up to 1%. now, just a month ago, that wasn t on the cards. people weren t expecting any rate rise next year. 1% would be the highest interest rate we ve seen since 2009, february 2009. now, it might not sound too high to you or me, certainly not our grandparents ears, who have seen much higher interest rates in the 70s and 80s, but it s still a much higher interest rate than we have been used to. and there will be people on the bank of england s monetary policy committee saying, if we do what the market is predicting, we risk snuffing out the recovery. there will be some interesting debates. and also, the big question about whether even a rise of that magnitude will be enough to tame inflation. well, yeah. and you re talking about rises in inflation caused by global commodity prices. what s it going to do to global commodity prices, just by making it more expensive for britis