BoE chief economist warns UK inflation could hit 5% - reports

A 'very uncomfortable' place for a central bank

clock • 1 min read
BoE in an "uncomfortable" place over UK inflation
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BoE in an "uncomfortable" place over UK inflation

UK inflation could hit 5%, Bank of England chief economist Huw Pill has warned, in an interview with the Financial Times.

In his first interview as BoE chief economist, Pill said UK inflation is likely to rise "close to or even slightly above 5%", but declined to state which way he would vote at the BoE Monetary Policy Committee's...

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