BOE’s Carney: Some MPC members thought equilibrium jobless rate f’cast was too high

The BOE Governor Mark Carney is up on the rostrum now, via Reuters, making comments on the Feb inflation report during his testimony before the Treasury Select Committee (TSC).

Key Points:

For the last few years, some MPC members thought equilibrium jobless rate f’cast was too high

Households tend to look through economic uncertainty unless it leads to tighter financial conditions