Governor of the Bank of England and Chairman of the G20's Financial Stability Board, MarkCarney, responded to questions on the inflation figures at a panel discussion in London on banking conduct standards.
- It's important not to overreact to economic data for a single month
- Look, (it's) a single data point. You never overreact to a single data point
Earlier today, consumer price inflation hit 2.3% in February, overshooting above the BoE's 2% target and its strongest in nearly three-and-a-half years.