The question was that the US has been previously accused of exporting inflation and so now QE has finished are they exporting disinflation. It’s a hard argument to make when US inflation is higher and showing signs of continuing higher.
That’s all from the hearing folks.
There’s been nothing far from the party line and what we heard in the inflation report, and the prices moves reflect that. Probably most notable towards the end were the questions with a more political slant, which Carney & Co did well to steer away from. It’s going to be something that Carney is going to be faced with more and more as the BOE virtually becomes a pawn in campaigning, so expect a lot more politically led questions. We’ll have to see how Carney copes with that side of things.
