LONDON, March 21 Bank of England Governor Mark
Carney said it was important not to overreact to economic data
for a single month after figures showed earlier on Tuesday that
inflation rose by more than expected in February.
Consumer price inflation hit 2.3 percent last month,
shooting past the BoE's 2 percent target and its strongest in
nearly three-and-a-half years.
"Look, (it's) a single data point. You never overreact to a
single data point," Carney said in response to a question on the
inflation figures at a panel discussion in London on banking
Sterling hit a three-week high after the data was published
and government bond prices fell as investors priced in a steeper
path for BoE interest rates in the coming years.
(Reporting by David Milliken; Writing by Andy Bruce; Editing by