BoE's Barker says inflation hike not a big worry

Bank of England monetary policymaker Kate Barker said on Wednesday 13 July that the central bank is not overly worried by a jump in inflation to a seven-year high in June.

Policymakers tended to focus on what inflation will do in the medium-term when setting interest rates, she noted, a day after data showed the headline inflation rate hit the BoE's 2.0 percent target last month.

"Inflation has been below target until yesterday but where inflation is today is only of some interest," Barker said