IF BLR goes up (again in year 2011), what goes down?

Some people predicts that BLR (OPR) will be revised up this year. From yesterday mainstream media 25.1.2011, BLR expected to increased from 0.25% to 0.50% by end of the year 2011.

The keywords for the increase include Normalisation & Inflation.

By bringing BLR UP will Inflation be DOWN?
Will purchasing power DOWN too (given we have so much in household debt)?
Certainly, the economy will be DOWN too....