LONDON, Feb 21 (Reuters) - Bank of England Governor Mark Carney and other top monetary policy officials from the central bank were speaking to the Treasury Committee in Britain's parliament on Wednesday.
Below is a selection of their comments.
CARNEY ON PATH OF INTEREST RATE MOVES
"We don't commit to a path and we don't give guidance on a specific path except in the most exceptional circumstances, which are not the circumstances that we're facing today."
CARNEY ON TRADE OFF BETWEEN SLACK IN THE ECONOMY AND INFLATION
"The orientation of the committee has evolved because what had been a trade off between slack in the economy and inflation above target has diminished quite substantially and actually goes away."
CARNEY ON INFLATION TARGET TIME LINE
"We signaled that we felt the horizon which we should return inflation to target was moving in from three years not jumping all the way to two years, that was not the collective judgment, but moving in from three years and that implies something more than what was in the market curve."
(Reporting by Sarah Young, Costas Pitas and James Davey)