There's no absolute limit on inflation overshooting - BOE's Vlieghe

More comments from Vlieghe

  • The limits for an inflation overshoot relates to a trade off between inflation and slack

  • The inflation boost from the FX rate will ultimately fade

  • We could only ease a little bit further and that's an important consideration for setting policy in the future

  • Bank has other tools it can use if there is a further downturn

  • There's no appetite among the MPC for higher interest rates at the moment

Shake those dove feathers.

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