MPC

'Clients have been living with high inflation and sustained rate rises'

MPC referenced 'large and volatile moves in global financial markets'

Comes after news of the inflation rate drop for November

Third move in four months

Inflation expected to rise to 6%

Inflation at highest level since March 1992

Rate rise could bring end to QE

Expected to hit 5.5% next year

Inflation rises to 4.2% in October

Labour market uncertainty adds to pressures