- Latest projections indicate that monetary policy is likely to need to be restrictive for an extended period
- Mon pol will need to be sufficiently restrictive to for sufficiently long to return inflation to 2% target
- I do not judge that there are any financial stability grounds for adjusting our approach to mon pol or the level of interest rates
Cable is up 19 pips to 1.2438 today.
This article was written by Adam Button at www.forexlive.com. Source