Comments from MPC member Kristen Forbes

  • She says she puts less weight on some of the more immediate gloomy indicators from UK
  • Says needs to be cautious in reading more positive recent data too
  • Assuming recent path of data continues, it points to better BOE growth forecasts
  • Prefers to adjust interest rates rather than altering QE

Earlier, Forbes said she Sees no need for further economic stimulus

Her comments have helped to underpin cable today.