Bank of England MPC says appropriate to set monetary policy so inflation returns to target "at a more conventional horizon"

Inflation in three years' time at 2.11 pct (nov forecast 2.15 pct), based on market interest rates

Inflation in two years' time at 2.16 pct (nov forecast 2.21 pct), based on market interest rates

Inflation report shows unemployment rate at 4.1 pct in two years' time (nov 4.2 pct), based on market rates

Brexit uncertainty weighing on uk business investment

Estimates overall slack within economy is "very small" at just under 0.25 pct of gdp

Policy statement makes no direct reference to appropriateness of current market expectations about interest rates