Chief economist underlines BoE's "tricky" task

The juxtaposition of the recent shocks to both inflation and growth makes the task of the Bank of England's Monetary Policy Committee particularly tricky, Charlie Bean, the Bank's chief economist, noted.

"It is easy to forget that there are more uncertainties than those relating to the dislocation in credit markets. Rising global energy and food prices and the prospect

of a continuing period of elevated inflation creates another set of uncertainties," said Bean.

"Some commentators have suggested

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