Further comments from Ben Broadbent
It is unwise or risky to commit to a specific policy path unconditionally
Sees no reason to change outlook for medium-term investment
It's not true that the BOE acted in Aug before having enough evidence
The difficulty is in weighing the near-term data with the long-term outlook, and that may last a while
The near-term question for November is whether the economy looks like how we projected in August
The MPC is reluctant to go south of a zero lower bound
Mon pol alone cannot offset structural issues
If we are minded to ease further, there are still asset purchases
His comment on the lower bound is key as the market is expecting any further cut to be less than 25bps.
