BoE's Bailey: Our dedication to the two% inflation goal is unwavering

• Our commitment to the 2% inflation target is unwavering.
• It is good we have a diversity of views on MPC.
• We will use scenarios as vehicles for exploring risks around the baseline and accomodating differences of views on the committee.
• The latest choice of BoE scenarios does not mean inflation risk skewed in one direction.
• We are on course to put inflation surge firmly behind us.
• Global economic environment is likely to continue to be challenging and less predictable that it was in the past.

This article was written by Giuseppe Dellamotta at www.forexlive.com.