External Member of the Bank of England's Monetary Policy Committee Silvana Tenreyro
- says UK inflation target is flexible and intended to respond to shocks
- says the Bank of England may have already tightened a bit too much
The most recent data on UK inflation was an upside surprise:
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Tenreyro has been against the latest Bank of England rate hikes for a while now. At the March BoE meeting policymakers Tenreyro and Dhingra voted to keep rates on hold.
