BOE Saunders
  • Key measures of longer-term inflation expectations are uncomfortably high
  • I put considerable weight on risks that, unless checked by mon pol, would be greater than central forecast
  • External cost increases may exacerbate the rise in inflation expectations
  • We should strongly lean against risk of inflation expectations becoming embedded
  • Process of re-anchoring price expectations could be very costly in economic terms

These are hawkish comments but that's what you'd expect.