Bank of England Governor Andrew Bailey returned Friday with their promise to 2% target inflation unchanged, per Reuters.
Key takeaways
“Well we have a difference -Different views on the Policy Policy Committee (MP).”
“We maintain a baseline projection, based on a staff proposal, that a majority of the MPC admits to being a reasonable baseline.”
“We use scenarios as vehicles for exploring risks around the baseline and receiving differences -Committee views.”
“The latest choice of BOE scenario does not mean the risk of inflation that sinks in one direction.”
“The scenario does not indicate a skew for the financial policy path.”
“Behind a split vote is often a high level of community for factors that shape the perspective.”
“The global economic environment is likely to continue to be challenging and less unpredictable than in the past.”
Market reaction
These comments have failed to impress a noticeable reaction to the market. At the time of press, GBP/USD reached 0.15% in the day at 1.3265.
