United Kingdom Central Bank Chief Economist: inflation risks facing the two-way _ YEUNG

Http://www.sina.com.cn 2010 09 23 May 08: 44 Huitong network summary: United Kingdom Central Bank Chief Economist, said Dell Wednesday facing two-way risk of inflation, but with the push up prices of temporary factors gradually subside and sustained economic recovery, these risks should be reduced. United Kingdom Central Bank Chief Economist Dell Wednesday (22) indicated that inflation risks facing the two-way, but with the push up prices of temporary factors gradually subside and sustained economic recovery, these risks should be reduced. Dell's comments suggesting that he in no hurry to the current hyper-liberal policy tightening or to relax, but he said some inflation risks may gradually clear, once there, the United Kingdom's Central Bank will have to take action. He prepared in advance of the speech said: "the inflation target of risk is real and significant, monetary policy is to balance the uplink and downlink inflation risk. "Dell said:" my view is that as some of the higher price of temporary factors gradually subside and sustained economic recovery, these risks should be progressively reduced, but there may be some risk will become evident, the Central Bank should respond to adjust monetary policy. "United Kingdom Central Bank's monetary policy Committee (MPC) Sen Coutances in September, the Central Bank meeting renewed insistence, reiterated the interest should begin, but other officials believe that further monetary stimulus policies odds. The United Kingdom's Central Bank announced on Wednesday, September 8-9, meeting records, MPC to 8-1 vote by maintaining interest rate to a record low of 0.5%, and not expected to match. Dell endorses cossentine, for now there is a need to increase the interest rates gradually, known as the point of view of inflation currently 3.1%, much higher than the United Kingdom's Central Bank 2% target, the withdrawal of the stimulus measures are logical, "However, it is so simple, inflation prospects facing the two-way risk." Dell said that inflation is higher than expected and may remain before the end of 2011 in objective fact is "United Kingdom monetary policy Committee of the credit and the confidence of the Commission may begin to shake". He also indicated that if this happens, obviously should be responding, "monetary policy needs to tighten up, it may be necessary to significantly tighten, but I think this risk is the risk it currently only."