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Below are some of the key highlight from external BOE MPC Member Ian McCafferty’s scheduled speech about monetary policy at the Official Monetary and Financial Institutions Forum, in London.

   “¢   BOE shouldn’t dally on interest rate increase.
   “¢   Waiting too long to hike creates a bigger shock.
   “¢   BOE should head off criticism of QE.
   “¢   Public distrust of QE, if unaddressed, could limit BOE’s scope for policy action.
   “¢   Likely that recent downtrend in inflation will slow over the course of the year.