BOE: Lower GBP likely to push up CPI through 2% target in the near term

Further insights into the BOE monetary policy statement:

Lower pound is likely to push up CPI through the BOE 2% target in the near term

UK likely to see little growth in second half of the year

BOE launching Term Funding Scheme for banks to borrow close to BOE base rate to offset low rates 

Full Text of the Statement here