BOEs Haskel : Important for monetary policy to stand firm against risk of inflation

The BOE in a speech is saying:

• Important for BOE and monetary policy to stand firm against the risk of persistent inflationary pressure
• Concerned for me is the risk that if price rises becomes embedded monetary policy would have to be tighter for longer
• Latest signs of activity suggest the UK is already slowing down
• Signs of a slowdown do not imply less tightening given strength of labor market, rise in inactivity
• Supply side stresses risk persistent inflationary pressure