BOE Kate Barker on the newswires.
Written March 8, 2010 at 12:04 PM EST by Greg Michalowski
Says UK Economy is still looking fragile. Inflation uncomfortably high for short term but likely to come down and move below target of 2%. She says there is no cause for anxiety on the downside CPI expectation. She notes that the economies response to lower pound is disappointing, but says export orders are improving. Finally she says there is grounds for some optimism that the economy is on track.
Overall, she is speaking from both sides of her mouth it seems.
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