BOE: MPC Sees CPI Inflation Above Target Throughout..>

BOE: MPC Sees CPI Inflation Above Target Throughout F'cast Horizon

-BOE: MPC Sees 2018 GDP 1.4% vs 1.4% in May Inflation Report

-BOE: MPC Sees 2019 GDP 1.8% vs 1.7% in May Inflation Report

-BOE: MPC Sees Q3 2019 CPI 2.2% vs 2.1% in May Inflation Report

-BOE: MPC Sees Q3 2020 CPI 2.1% vs 2.0% in May Inflation Report

-BOE: MPC Sees Q3 2018 Unemployment 4.0%; 3.9% In Q3 2019 & Q3 2020   

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The MPC's August growth and inflation forecasts were barely changed 

from the May forecast, with inflation around 0.1pp higher due to renewed 

weakness of sterling. The latest projections saw fractionally higher 

near-term output growth but weaker than previously anticipated 

medium-term growth. A small margin of excess demand was seen emerging 

by late 2019, feeding through into higher growth in domestic costs. CPI 

was projected to stay a touch above the 2.0% target throughout the 

3yr f'cast period vs May when it f'cast CPI hitting 2.0% by H2 2020.