Ian McCafferty via the BOE website
BOE has limited tolerance of CPI overshoot
Tolerance will depend on the second round effects
The BOE has faced a difficult policy trade off since the EU vote
CPI will remain above target beyond 2019
These are the highlights of a speech at the Dorset Chamber of Commerce.
The quid isn't doing much on this or the CBI data as cable sits 20 pips off of the 1.2334 lows.
