NOTTINGHAM, England Oct 14 Bank of England
Governor Mark Carney said on Friday that the central bank was
not indifferent to the level of sterling, which has fallen
sharply since Britain decided to leave the European Union in a
referendum in June.
"Our job is not to target the exchange rate, our job is to
target inflation," he said during a public meeting.
"But that doesn't mean we're indifferent to the level of
sterling. It does matter, ultimately, (for) inflation and over
the course of two to three years out, so it matters to the
conduct of monetary policy."
(Reporting by Andy Bruce and Peter Hobson; Writing by William
Schomberg; Editing by Louise Ireland)