- Risk inflation may fall below target in years
- There are also risks the UK hasn't raised rates enough
- Food inflation is longer-lasting than past spikes
- Food price inflation will fall to 10% this year
He isn't offering much here but there isn't the kind of rhetoric that would normally come with a path to 6%. Right now the terminal top is pried at 5.7% with a 65% chance of a 25 bps hike at the Sept 21 meeting.
