BoE's Saunders - CPI likely to rise to roughly 3 pct in coming months

Market news

31 August 2017

BoE's Saunders - CPI likely to rise to roughly 3 pct in coming months

Believes economy has little or no output gap
Does not expect a modest rise in rates will have a disproportionate effect on spending
Monetary policy not seeking to fully prevent boost to consumer prices from sterling's fall, but nor are we indifferent to it
MPC has tools to respond either way to swings in the economy, as needed

Forex option contracts rolling off today at 14.00 GMT:

Major European stock exchanges trading in the green zone: FTSE 7384.15 +18.89 + 0.26%, DAX 12088.61 +86.14 + 0.72%, CAC 5082.70 +26.36 + 0.52%

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