quite an uncomfortable position. you know, it is charged with keeping inflation at 2%. we are looking out, talking about inflation perhaps rising to 5% or even more early next year. i think had it not been for 0micron, the strength of the labour market and this week s inflation figures, it would set the stage for an interest rate rise this week. the question is whether 0micron convinces the bank of england to sit tight. now the bank of england could raise rates, to try to prevent inflation settling at a higher rate, but that would also weaken economic activity, so i think there is quite a strong incentive for the bank of england to keep interest rates on hold this week, unchanged, and to wait to see a bit more about how the land lies the next time it meets in early february. interesting, you mentioned 0micron, of course. you clearly do see that as a key factor,