"The high interest burden on public debt and the recent drop in average debt maturity leave the public finances exposed to movements in bond yields," it said - a sign that it remains concerned about the state of the public finances.
The share of items in the consumer price index"basket" rising by more than 5% a year is now up to more than a third in the UK, compared with under 30% in the euro area, Japan, Canada and the US.
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