ginny murray, thank you very much. jpmorgan.amoroso with in matthew beesley is still with us.att, you go through the inflation report, you push up the gdp forecast. did we get too excited about what the bank of england may do? that is something coming soon. it is going to be data dependent did i continue, the data does not more to it. for the u.k. economy, the moves have bearable great wages. they're going to be more expensive, if you cannot afford a more -- if you can afford a higher mortgage rate -- jonathan: the risk is when you try to get the market to tie off when it matters, -- that is a risk in itself. going forward, a lot of people sit here on the side of the atlantic and say the guys will do nothing until a group of individuals decide to do something. is that the perspective? anastasia: the fed is going to move. currency in my mind has everything to do with it. weyou look at currency, would love to have the wage growth that you guys had. we would love to have the productivity growth. that is not what we have in the united states. for many reasons, the u.k. should move

some of those numbers from ginny murray at bloomberg intelligence. it was an interesting moment.nd and bonds and equities spike higher. it seemed everyone thought this was very dovish. with a right? -- were they right? >> in my opinion no. it was a split and a surprise relative to what most economists thought. i think it is fairly arbitrary. we know that they will be following quite soon. what really matters is content of the inflation report. look at that and it was relatively hawkish. you had inflation at two point 1% with repeated references to excess demand. monetaryrequire extra enticing and not less. caroline: do you agree that and feel that the market interpreted this as too dovish? >> i think the market miss took where the bank of england was at as an institution. they felt that the empty seat had moved ahead and now we see less coming out of places like greece they're willing to start voting for those ray kite -- rate hikes but the content is becoming more hawkish as we move forward. caroline: jamie, and your opinion, when will interest rate rises occur? >> they have bee