BoE’s Pill says UK vulnerable to inflation persistence

Huw Pill
Huw Pill
Bank of England

The UK could be facing higher inflation persistence than other countries as it is hampered by several structural problems at once, Bank of England chief economist Huw Pill said on January 9.

Pill noted many economies are facing unfavourable dynamics due to energy price shocks, supply bottlenecks, labour shortages and firms’ pricing power. But the UK is unusual in suffering from all of them at once.

“This simultaneity creates its own challenges for monetary policy,” Pill told an audience in New

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account