Bank of England’s Forbes: GBP appreciation drove up living cost

Bank of England’s Forbes (newspaper interview crossing Bloomberg headlines:

• GBP appreciation drove up living cost up to one percentage point lower than it would have been by the end of this year, had the strengthening of the currency not happened
• Says 1.5% inflation may hide stronger pressures
• Need to focus on prospective inflation measures
• Domestic inflation weaker than I expected

Comments from Professor Kristin Forbes, who is a member of the Monetary Policy Committee of the Bank of England. Interview in the UK press – The Independent.