More from BOE Pill: Chances of inflation getting embedded in UK is higher than Europe

More from BOE's Pill saying:

• Chances of 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 becoming more embedded in the UK is greater than continental Europe
• Monetary policy tighetening is having an impact
• Still a lot to come through
• We will do whatever we need to do to get inflation back to target sustainably
• We have to guard against doing too much with monetary policy
• We are reaching a point where it concerns on our minds
• We haven't quite gotten to a point for discussion about rates at turning point

Meanwhile UK CPI inflation is up at 10.5% with core inflation at 6.3%. The next CPI data will be released on February 15th