BoE's Forbes: Cost of reversing a rate hike is concern for some MPC members

Bank of England policymaker Kristin Forbes is crossing the wires, via Reuters, saying that the cost of reversing a rate hike is a concern for some MPC members.

Key quotes (via Reuters):

• MPC spends a lot of time debating how changes in interest rates would affect Sterling
• Political developments currently dwarfing monetary policy's effect on Sterling
• Consumer spending will be key for some members of MPC
• U.S. experience shows household savings rates can fall significantly to support consumer spending
• Media discussion of Brexit uncertainty not affecting businesses or consumers
• Brexit uncertainty might affect consumers or businesses more in future