Mark Carney speaks at the February inflation report
- Developments pose downside risks to UK economy
- Trade outlook is particularly challenging
- Net exports expected to drag on growth
- Household and business confidence remains robust despite EU referendum
- Strong business growth is expected to continue
- Labour market expected to remain strong
- 2015 productivity growth probably the fastest in 4 years
- Inflation remains low due to low oil prices
- Domestic cost growth should rise this year
- Wage pressure takes a little longer to appear
- BOE is setting policy to get inflation to target in around 2 years
- There are upside and downside risks to inflation
- MPC stands ready to act to ensure inflation returns to target in a sustainable fashion
So far there's nothing additionally dovish aside from the vagueness of the "around 2 years" target