How the BOE cut affected inflation expectations
The stimulus last August helped lift long-term inflation expectations
Stimulus removed the lower tail of expectations
Carney
There is some market expectation of tightening in the next few years
We will not hesitate to change mon pol if we judge it appropriate
BOE's agents survey shows wage growth may decelerate this year
Weaker wage growth may be reflective of economic uncertainty and greater employer bargaining power
McCafferty
It's clear interest rates will remain lower for longer than expected
BOE is some hope that we can start to see interest rates moving back to normal over the forecast horizon
Once more, a non-hawkish comment from a hawk.
