February 09, 2023 09:57 GMT
Haskel still sees upside risks to inflation
"While I view the balance of risks to the upside around this projection for inflation, there is clearly considerable uncertainty about this. The path for inflation will depend on the path of energy prices, import prices, the tightness of the labour market, consumer behaviour, the role of industrial action, the path of for economic growth (which will in turn depend on many things), and many more things besides. Economic theory suggests that uncertainty around the persistence of inflation should be met with more forceful action, and so I shall remain alert to indications that inflation is more persistent than we expected, and act forcefully if necessary."