Conveying that message will be challenging for the MPC - which is expected to keep the key rate at 0.25 percent - and for Carney when he presents fresh forecasts in the BOE's Inflation Report.
The Bank said, while it expects first-quarter expansion to be revised higher to 0.4%, the economy would likely continue at a "similarly moderate pace of growth in the second quarter and beyond".
Increasing inflation, fueled by rising energy costs and the pound's post-Brexit vote plunge, has strained the BoE consensus recently and prompted some investors to speculate that a first rate hike in almost a decade might come sooner than expected. The decision to leave the repo unchanged was by a 7-1 vote, with Forbes repeating her vote for a 25-basis points rate hike.
The report, released alongside the rates decision, also offered some cheer for the growth outlook as forecasts were raised to 1.7% for 2018 and 1.8% in 2019 from February's prediction for 1.6% and 1.7% respectively.
"The focus now is really on the Bank of England, and maybe that could be an explanation (for sterling strength)", said Richard Falkenhall, currency strategist with SEB, noting policymaker Kristin Forbes' vote for a rate hike in March and the possibility that other members of the Bank's rate-setting committee could follow suit.
He said: "We maintain the view that the Bank is being too upbeat on the growth outlook with some pretty optimistic assumptions, particularly relating to the likely pick-up in wage growth". Against the euro, the pound was trading 0.3 per cent down at €1.18.
The bank's governor, Mark Carney, has said volatility and uncertainty would govern the process of Brexit, even though negotiations have yet to begin.
At the same time the MPC's growth forecast for 2017 was trimmed from 2% to 1.9%, largely due to a fall in household income and spending.
Thursday's European session will also see the publication of Britain's March trade deficit, manufacturing production and industrial production results.
Abby Lee Miller sentenced to 1 year in prison
The star will also have to pay a fine of $40,000 and $120,000 judgement for a currency reporting violation charge from June. The " Dance Moms " star was known for her brash behavior and pursuit of perfectionism from her dance students.
If the economy grows as expected, "then monetary policy will need to be tightened by a somewhat greater extent over the forecast period than the very gently rising path implied by the market yield curve underlying the May projections", the Monetary Policy Committee said on Thursday in London.
"Monetary policy can not prevent either the necessary real adjustment as the United Kingdom moves towards its new worldwide trading arrangements or the weaker real income growth that is likely to accompany that adjustment over the next few years", the Bank said in a summary of its meeting.
At the same time, Merkel has led the EU's remaining 27 states in insisting that no concessions would be made in negotiations with the United Kingdom over the terms of its exit.
Investors are now hoping that the bank will adopt a more hawkish tone this week in reaction to Britain's strong economic performance in recent months.
"The Bank of England is stuck between a rock and hard place", said Aberdeen Asset Management Chief Economist Lucy O'Carroll.
Markets are now expecting rates to move higher at the start of 2019.
On equities markets Tokyo ended the morning 0.2 percent higher and Hong Kong jumped 0.5 percent, putting it on course for a fourth-straight gain and near two-year highs.
Trade data was also disappointing, with net trade- the difference between imports and exports - widened to £4.9billion from £2.7billion the previous month, a six-month high, according to the ONS.
Comments