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BOE
  • Lombardelli says one of the reasons she has taken the role is the opportunity for "radical" reform of the Bank's processes as the Bernanke review recommendations are implemented. She refers to it as a "shake up" and that the Bank will "look very different".
  • Lombardelli says "quite a lot has changed since February" forecasts - in particular the US economy looks stronger.
  • She says she will look at services price inflation, the labour market is critical on both wages and quantities. It's looking at those and real activity. In Europe there's a big impact on credit.
  • Says she's "not deep in the weeds of UK data" at the moment.

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