← Back to Briefing
Bank of England Economist Links Brexit to Increased Inflation Spiral Risk
Importance: 55/1001 Sources
Why It Matters
This assessment from a senior Bank of England official underscores a significant structural challenge contributing to persistent inflation, impacting future monetary policy decisions and the UK's economic stability.
Key Intelligence
- ■Bank of England Chief Economist Huw Pill stated that Brexit has made inflation spirals more likely in the UK.
- ■Pill highlighted that Brexit impacts the supply side of the economy, making it less flexible to price shocks.
- ■The comments suggest a persistent inflationary pressure related to the UK's departure from the European Union.