They're obviously in denial then!

  • market rate curve points to inflation overshoot at end of horizon
  • current account deficit is one the main risks to financial stability
  • has not discussed moves in rates other than 25 bps
  • any discussion on interest rates would be transparent in Minutes

GBPUSD 1.5525 still EURGBP 0.7006

  • new MPC meeting arrangements did not change nature of discussions