Comments from Carney

  • UK would have seen more job losses without August stimulus (prove it)
  • BOE can't deliver long-term prosperity and can only help with adjustment
  • BOE is willing to tolerate some inflation overshoot to accommodate economic strength

Who's he trying to kid here? If we get inflation it will be due to the fall in the pound, and will be imported inflation, so he'll have no choice but to tolerate it as mon pol can do virtually nothing about that type of inflation.