The Monetary Policy Committee of the Bank of England has to assess inflationary pressures when deciding on the level of Bank Rate. Which one of the following pieces of information is most likely to persuade the Committee to raise Bank Rate?
1 )
A fall in the number of job vacancies advertised
2 )
GDP growth at below the trend rate in the previous two quarters
Statistics showing an increase in bank lending to households
4 )
Surveys showing that many firms have spare capacity
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