The immediate consequence is that the Bank of England is likely to again raise interest rates to damp down inflation and consumer spending: not sharply, perhaps, but steadily.
He said he ran towards the burning vehicle with a fire extinguisher but as he tried to damp down the area, an Asian man had approached and told him to stop.
He has already had to damp down a fire started when an unidentified aide told the Daily Telegraph that they understood Britain better than the White House because of a shared "Anglo-Saxon" heritage.
Jean-Claude Trichet, the ECB's president, tried to damp down even that concern, pointing out that banks could tap unlimited liquidity at the ECB and that they had ample collateral left to post in return.
Mr Greenlaw says the closest precedent was in 1968, when individual, corporate, excise and payroll taxes collectively rose by the equivalent of 3.1% of GDP, mostly to pay for the Vietnam war and to damp down inflation.
And Mr. Petrocelli would immediately paper over it or damp it down or kind of try to use it to advantage, but here's what I wind up thinking as I was listening to that.
In Bombay last week, for example, 16 girls tramped up and down a lumpy catwalk in a damp, steamy tent vying for the title Miss Monsoon.
Deep inside the jungle, a mixture of sweat and rain was trickling down my face as I scrambled through a damp, narrow gorge.
In order to pop a property bubble and damp inflation, the government has tightened credit, driving property prices down by something like 20%-30%.
He said Wall Street bonuses, though down, were higher than expected, and unlikely to further damp the market.
It was a damp day and, after he had parked the van and set off down the forest track, even the noise of the Edinburgh-Glasgow motorway was muffled by thick, dark fir trees.
When we climbed down a rickety ladder into the dark chamber, the smell of damp was overwhelming.
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