BOE’s Broadbent: The appropriate response to inflation may be nothing

Commenting on inflation and the economy, the Bank of England (BOE) Deputy Governor Ben Broadbent said on Thursday, “the appropriate response to inflation may be nothing.”

Additional quotes

“The extent of the rise in inflation has been surprising.

“Have to pay very close attention, parsing official data as best as it can.”

“That includes numbers in the labor market.”

“Not convinced that current inflation in retail good prices should mean higher inflation in 18-24 months ahead.”

“That is the horizon more relevant for monetary policy.”

more to come ...