© Reuters. FILE PHOTO: General view of the Bank of England, in London, Britain October 31, 2021. REUTERS/Tom Nicholson
BRISTOL, England (Reuters) – Patience will be needed before British inflation returns to the Bank of England’s 2% target, creating an uncomfortable time to be a central banker, the BoE’s chief economist Huw Pill said on Friday.
“There’s no quick fix, and that lack of a quick fix means some patience will be required,” Pill told a conference in Bristol hosted by the Economics Observatory and the Festival of Economics.
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