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Inflation expectations are anchored at close to their target rate.
As Mr King said this week, the MPC "must ensure that inflation expectations are anchored on the 2% target.
At the subsequent press conference ECB president Mario Draghi wittered on about inflation fears, and concerns over whether expectations are anchored to the target.
"The MPC will ensure that it does return to target and that medium-term inflation expectations are anchored to the target.
Leisman cited observers who focused on a very recent San Francisco Fed paper calling attention to the gap between Fed member's collated estimate of a 1.2% overnight money rate by year end 2015 versus the trading market's expectations are anchored at.76% as evidence of a Fed desire to change its guidance sooner rather than later to tighten up that gap.
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One simple expectation was that gland projections are anchored by the ducts at one end and by the cell bodies at the other end.
The ends are anchored at the abutments.
Medium-term inflation expectations are firmly anchored at 2%, he adds.
"We know that inflation expectations are well anchored today, giving central banks greater leeway to support growth," she added.
Today, however, inflation is being held down by cheap goods from China and other low-wage economies, and inflationary expectations are well anchored thanks to the credibility of central banks.
This is not based on an ex-post assessment that expectations are well anchored but on the ex-ante observation that wages and prices display substantial downward nominal rigidity.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com