kate barker. senior adviser of credit suisse.re cut to those record low levels in march, 2009, did you imagine years on we would still have a record low interest rates? >> know, we did not. i can remember us discussing an emergency rate, going to a rate that we got was at the time was the lowest feasible rate. we did not think we would remain there for very long. we thought we would introduce qe at the same time and see the economy turn around quickly. it has taken everybody a very long time to understand how deep and pervasive the financial crisis has proved for economists. >> how monday think rates will stay where they are? ask if you look at the u.k. coming could see a case for rates moving up quickly. it does look as if the labor market is tightening. private sector wages increases edging up. they are edging up. signs of labor market tightness and cost pressures. if you look outside the energy sector, some of the surveys suggest the cost pressures are building. domestically, i think you can see a case for saying the forecasts