 BoE Chief Economist Huw Pill said in a speech that the central banks communication rightly places the persistence of inflation at centre-stage. Given the famous long and variable lags in monetary policy transmission, it is the persistent component of inflation that component of inflation that will still be there once the lags in monetary ... The post BoE Pill: Distinctive context prevails in UK creates the potential for more persistent inflation appeared first on Action Forex... 