BOE's Haskel: MPC has the tools and resolve to return inflation to target in medium term

BOE's Haskel is on the wires saying:

• undoubtably a UK specific factor in these changes in the UK yields
• MPC has the tools to resolve to return inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term to target in the medium-term
• A sideline the OBR generates more uncertainty by worsening everyone's information basis
• welcome the usual close involvement in the budget process of the OBR
• government is right to stress the importance of economic growth
• changes in labor force participation are emerging as the key economic legacy of Covid in the UK
• rise in economic inactivity will hold a UK growth back