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- BoE's Carney says projected inflation overshoot entirely reflects effects of sterling's fall since nov 2015
BoE's Carney says projected inflation overshoot entirely reflects effects of sterling's fall since nov 2015
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Sterling has appreciated, possibly reflecting market expectations of a more orderly brexit
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Sterling depreciation caused by market expectations of material adjustment to UK's medium-term prospects as it leaves EU
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MPC judges that monetary policy could need to be tightened by somewhat greater extent than very gentle path implied by markets in may forecasts
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Monetary policy will respond in either direction to changes in economic outlook
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While brexit will play important role, other factors will influence uk economic outlook
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Economy is still growing solidly
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This is going to be a more challenging time for UK households
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