BOE's Pill: There is significant progress on inflation

<p>Comments from the BOE's chief economist</p><ul><li>5% inflation would be much too high still</li><li>We still have some work to do to curb inflation</li><li>Resilience of the UK economy seems to be easing</li><li>BOE must focus on inflation and not tackling other issues in the economy</li></ul><p>BOE pricing is almost nil in terms of rate hikes going forward. The first cut is nearly fully priced in for June.</p>

This article was written by Adam Button at www.forexlive.com.