"This is a case of the governor getting his way by the inflexion of his eyebrows, " said a source.
BBC: Bank of England 'eased Diamond out'
The rule of thumb is that a 10pc rise in crude cuts US growth by 0.2pc four quarters later, but the science is flabbily soft and nobody knows where the inflexion point lies.
FORBES: Peak or Plateau Oil, Oil Prices and Economic Growth
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