Bailey: Equilibrium Rate Discussion Not Signal For Near Term Rates

*BOE'S BAILEY SAYS EQUILIBRIUM RATE LIKELY TO REMAIN LOW - bbg

*BOE'S BAILEY SAYS COMMENTS TODAY NOT SIGNAL ON NEAR TERM RATES - bbg

• We earlier noted there would be focus on whether Bailey answers the question of where he estimates R* to be for the UK, and whether he thinks that the MPC will need to raise rates above this level in order to keep inflation under control.

Other comments include:

*BOE'S BAILEY: STILL SIGNS OF `ROBUST COST AND PRICE PRESSURE'

*BOE'S BAILEY: WILL ACT FORCEFULLY IF NECESSARY ON RATES

*BOE'S BAILEY SAYS GOAL IS TO CURB INFLATION `NO IFS, NO BUTS' - all bbg