BoE’s Breeden: Risks to inflation around the August forecast are to the upside

 Bank of England (BoE) Deputy Governor appointee, Sarah Breeden, said on Tuesday, “I agree with the MPC that the risks to inflation around the August forecast are to the upside.”

Additional comments

I see balanced risks to growth and unemployment in both directions.

I expect inflation to be around the 2% target in two years.

When asked about interest rate hikes, given the shocks we have had, it is not a surprise we have been tested severely.

i do think there are lessons about how we use our models, incorporate broader analysis of the economy.