I haven't got a big mortgage so the interest rate cuts of the past few months haven't produced much of a windfall from my tracker. However, indications of rapid inflation to come later this year means I'm now looking for a good three-year fixed rate. It's time to switch.
Back on 9th October last year, Radio 4's 'In business' ran a special programme with a panel of experts (the podcast seems to have disappeared from the BBC's website) that predicted exactly this situation; a short-term period of deflation, printing money, then rapid inflation.
Guido also points out that the Bank is expecting this.