BOE’s Pill: We face risks on both sides of economic outlook

In a CNBC interview on Friday, Bank of England (BOE) Chief Economist Huw Pill said, “key message we hoped to land yesterday is that we face risks on both sides of the economic outlook.”

Additional quotes

Inflation going up to 10% and falling afterwards is because energy and international goods prices are main factors.

We don't have a forex target or objective.

We are not focused on short-term reactions in markets.

There is an obvious risk of second round effects.