- Says he was looking at private wage growth and felt that inflation pressures were closer than other colleagues
- Favours policy anticipating rises in wage growth
- Impact of sterling strength on CPI around 0.5 percentage points
- Sees signs that wage growth is just around the corner
Weale was questioned on his voting for hikes.
Newbie Nemat Shafik adds her comments;
- Says she thought that rate hike on balance was premature
- Wage growth disappointed but there are signs that it is on the rise
- UK being the first to hike has FX impact, bad for current account
Carney says inflation is likely to dip below target before returning to target within three years
- We will adjust policy as needed
- There are still drags on the economy
- Repeats expectations of spring rate rise
