The BOE in a speech is saying:
- Vital for BOE and financial coverage to face agency towards the danger of persistent inflationary strain
- Involved for me is the danger that if value rises turns into embedded financial coverage must be tighter for longer
- Newest indicators of exercise recommend the UK is already slowing down
- Indicators of a slowdown don’t suggest much less tightening given energy of labor market, rise in inactivity
- Provide facet stresses threat persistent inflationary strain
