BOE Tenreyro:Data could be consistent with slightly slower decline in inflation pressures

<p>The BOE Tenreyro is speaking and says</p><ul><li>My vote to leave bank rate unchanged at my final policy meeting rested on what the latest data implied about the medium term.</li><li>Forward-looking indicators had pointed towards falls in both pay growth and core-goods inflation over the rest of the year.</li><li>Data could be consistent with a slightly slower decline in domestic inflationary pressures.</li><li>Tightening already in the pipeline would be sufficient to bring inflation back to, and most likely below, the target.</li><li>Sharp increase in interest rates at longer horizons more than sufficient to offset the recent data news.</li><li>Advantages of MPC members publishing their own views on future policy outweigh the potential costs.</li></ul><p>She will be leaving the BOE on July 4th, so mark the comments as the potential last harrah as a policy member. </p><ul><li>My vote to leave bank rate unchanged at my final policy meeting rested on what the latest data implied about the medium term.</li><li>Forward-looking indicators had pointed towards falls in both pay growth and core-goods inflation over the rest of the year.</li><li>Data could be consistent with a slightly slower decline in domestic inflationary pressures.</li><li>Tightening already in the pipeline would be sufficient to bring inflation back to, and most likely below, the target.</li></ul><ul><li>Sharp increase in interest rates at longer horizons more than sufficient to offset the recent data news.</li><li>Advantages of MPC members publishing their own views on future policy outweigh the potential costs.</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.