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Pill: "Crucial to see it through" and interaction of factors the biggest risk

BOE
  • Pill talking about it being "crucial to see it through". BOE should be "watchful" for developments of more persistence. And should we see things that "cause us to worry" will need to examine the combination of how factors interact with each other.
  • The biggest risk is the interaction with the continued tightness in the labour market along with the inflationary picture rather than one or other in isolation.

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