"Huw Pill, the new Bank of England Chief Economist, took to the wires for the first time yesterday to provide his view on the prospects for inflation and interest rates in the medium-term.

Pill, another of the Goldman Sachs alumni to find their way to the Central bank was expected to lean towards a hawkish stance given his past comments he has made, He feels that the balance of risks is leaning towards inflation remaining an issue for some time.

He expects higher levels of inflation to last longer than had been hoped for as the scale and magnitude of what he called transient inflation is lasting longer than expected.

Huw Pill, the new Bank of England Chief Economist, took to the wires for the first time yesterday to provide his view on the prospects for inflation and interest rates in the medium-term.

He went on to comment that markets cannot expect interest rates to remain at low levels for the coming years.

"

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