Bank of England Deputy Governor Lombardelli: I'm not predicting that we have reached the neutral interest rate level, but I'm not sure if we further drastically reduce the level of austerity, we can still maintain a sufficient level of austerity to ensure that inflation continues to return to the target level.

Bank of England Deputy Governor Lombardelli: I'm not predicting that we have reached the neutral interest rate level, but I'm not sure if we further drastically reduce the level of austerity, we can still maintain a sufficient level of austerity to ensure that inflation continues to return to the target level.