Carney Says There Are `Insufficient Hikes' in Curve for BOE's Remit

The transcript discusses the current state of interest rate hikes and the guidance provided by the market curve. It emphasizes the central bank's remit of achieving a 2% CPI inflation target over a conventional horizon of 18 to 24 months. The discussion highlights that inflation is above target and may continue to rise, necessitating a greater withdrawal of monetary stimulus if the forecast conditions are met. The transcript concludes that the current meeting did not require such action.

How does the speaker describe the inflation situation at the forecast horizon?

What conditions are mentioned that could lead to a greater withdrawal of monetary stimulus?