BoE’s McCafferty: If inflation picks up, would have to look at range of factors when considering rates

Additional headlines, via Reuters, from the BoE policymaker Ian McCafferty are crossing the news wires.

There was a need for rate cut post-Brexit.

Businesses say they’re carrying on at least for moment with something like business as usual.

UK inflation rise is to do with sharp rise in import prices after decline in GDB, rise in oil prices.

If inflation picks up, would have to look at range of factors when considering rates.

Likely to be some movement of banking operations out of London because of Brexit depending on terms of Brexit.