There are no quick fixes to return inflation to the UK target

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BRISTOL, England (Reuters) – Inflation in the UK will require patience to return to the Bank of England’s 2% target, creating an uncomfortable time for a central banker, BoE chief economist Huw Pill said on Friday.
“There is no quick fix, and this lack of a quick fix means it will take a bit of patience,” Pill said at a conference in Bristol hosted by the Economic Observatory and the Economic Festival.
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