BoE’s Carney: MPC has been clear that its tolerance for above-target inflation is limited

Key highlights from the Bank of England Governor Mark Carney's remarks & slides at a policy panel on investment and growth in advance Economics, Sintra.

• Partial withdrawal of monetary stimulus likely to become necessary if the trade-off continues to lessen
• MPC has been clear that its tolerance for above-target inflation is limited
• Any inflation overshoot above target can only be temporary in nature and limited in scope
• All on MPC expect that any changes would be limited in scope and gradual in pace
• Different members of the MPC have different views about the outlook