BOE's Pill: We still think there is more to do on inflation pressures

• It is not for us to tell markets how to price assets
• Trying to re-anchor our thinking, communication after recent events in the UK
• The challenge is to set policy such that economic slowdown is sufficient to ensure inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is consistent with target and also avoid overshoot in the other direction

That is what happens when there is a lack of coherence in the communique but you can't really blame the BOE on the latest mini-budget fiasco I guess. In any case, they already signalled a more dovish hand by stating that markets are looking for too much in terms of rate hikes, and that weighed on the pound yesterday.