BoE's Forbes: If economy stays solid and inflation pick-up continues, this could soon suggest a rate hike

BoE's rate-setter Kristin Forbes crossed the wires last minutes, stating that a rate hike would still leave substantial amount of stimulus for economy.

More headlines (via Reuters):

• Monetary policy should not be on hold simply due to uncertainty, should be nimble to adapt
• Data do not suggest sharp deterioration in growth or unemployment likely in next couple of months
• Tentative data suggest inflation might be accelerating slightly more rapidly than expected
• Recent upside inflation surprises may be precusor to bigger overshoot of inflation target
• Inflation overshoot to near 3 pct was "just about tolerable" when forecasts implied weaker jobs and growth
• Downside risks to UK economy could re-emerge, outlook could deteriorate faster than expected
• UK's Brexit negotiations will likely continue to drive movements in sterling and confidence
• UK equilibrium unemployment rate likely below 5 pct, but above BOE's new 4.5 pct assumption