BOE Quarterly Inflation report now out 3 Nov
– impact of GBP on inflation to be temporary
– offsetting fully with higher rates would be too costly
– monitoring closely the evolution of inflation expectations
These more hawkish tones on inflation merely repeat previous comments but all helping the pound enjoy its moment following from the High Court ruling earlier.
BOE Inflation Report: Monetary policy can respond in either direction to achieve 2% target inflation
