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BoE Pill's comments

UK
  • "MPC not indifferent to repricing of financial assets"
  • "MPC has a very good understanding of its mandate to maintain price stability and of its remit to return inflation to the 2% target"
  • "Recent market developments have created additional challenges, but commitment to 2% target is unwavering."
  • "The vehicle for making the necessary comprehensive assessment is through the Bank's assessment" for the MPR. In Pill's view fiscal will "add as a stimulus"
  • "The better way to run monpol is to run a considered, lower frequency approach, and recognise what monpol can do and recognise its limitations as a fine tuning instrument."
  • "will have 4 points on his personal view that is NOT the view of the MPC as a whole, and is conditional.
  • "Have seen significant fiscal news that has had significant market consequences; significant impact on the outlook and this will require a significant monpol response."

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