Comments from the MPC member

  • Pick-up in gilt yields is a corollary of more positive news in economy, not inflation worry
  • There will be a high bar to unwinding UK monetary easing
  • We do keep a close eye on markets, there has been volatility in recent days
  • Gilt market pricing is orderly as of now
  • I see market moves as a reflation trade, not an inflation trade
  • Reflation trade is driven by US

The bond market is much more orderly today.