Carney at the BOE forum

  • We do take the FX rate into account when setting mon pol

  • Exchange rate does matter for inflation

  • BOE is not indifferent to the pound (repeat from earlier)

  • UK economy has been broadly consistent with expectations

If you read what Kristin Forbes said earlier she's of a vastly different opinion on those expectations.

A couple more comments from Carney and Broadbent. Broadbent says that it's important to stick to the 2% inflation target and Carney says that BOE policy is not incredibly loose. That last comment looks to have weighed on the pound.