BOE's Kristin Forbes speaks in Warsaw
Output gap is largely closed in Britain
Was worried about a further fall in the pound at the time of the August meeting
Mon pol can still be effective in making an impact on the economy
BOE still has more ammunition
UK economy had more momentum going into Brexit vote than we thought
Inflation is likely to overshoot 2% target perhaps sharply in in next two years
Pass-through from exchange rate is critical in determining where inflation goes.
Speaking at the National Bank of Poland conference.
If they couldn't forecast the economy properly into the Brexit vote, how can they properly forecast it after and therefore adjust policy straight after and potentially again in Nov?
