BOE's McCafferty says inflation likely to remain around zero for a few months

BOE MPC member in a speech entitled " Negative inflation : the implications for monetary policy" given last night

• timing of first rate rise will depend critically on signals in economic data over the coming months
• inflation seen returning to target by end-2017

Another CB on data-alert but in no rush to hike imho. McCafferty has been hawkish though and voted for a hike between Aug=Dec 2014

Full text here

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