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BoE Chief Economist Questions Wait-and-See Approach to Inflation Threats
Bank of England Chief Economist Huw Pill said on Friday that policymakers could make a mistake if they delay assessing the impact of the Middle East conflict on UK inflation.Pill n...
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Bank of England Chief Economist Huw Pill said on Friday that policymakers could make a mistake if they delay assessing the impact of the Middle East conflict on UK inflation.

Pill noted that the ultimate impact of the war on inflation may not become apparent quickly. He has long tended to vote in favor of higher borrowing costs, arguing that although the labor market is cooling, wage growth may be rising too rapidly to ensure inflation returns to the central banks 2% target.

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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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