Presser now underway with a repetition of the report I posted earlier

The Q&A session will be the more interesting part unless he goes off script prior

  • loose credit conditions to boost investment, housing
  • spare capacity to be eliminated next year
  • sterling to continue to have impact on CPI for 2 years
  • MPC sees CPI above goal in 2 years based on market rate view

Is it me or are they really now saying they will do what the markets tell them to do ?

Q&A now starting