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The BoE target is supposed to be around 2.5%, that seems to form part of the belief. I'm thinking more along the lines of @Brommers, they might not have the levers to get it back down to that.
We spoke with a financial advisor a couple of weeks ago who said that he expected it to be 2.5% again within the next year or so - something that Economics teachers at my school have also said they've seen from what they've read.
No one seems to know really - but I think when our deal is up on Halloween we'll see how spooked the market is looking.