BOE's Tenreyro: We have seen very little pass through of UK policy tightening

<ul><li>We have seen very little pass through so far of UK policy tightening</li><li>The more the BOE raises rates now, the sooner and faster the BOE will later need to cut rates</li><li>It's hard to see a break in the relationship between CPI and PPI</li></ul><p>That last point is one that many market participants like to make.</p>

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