BOE's Pill: There are risks on both sides of UK inflation

<ul><li>Risk inflation may fall below target in years</li><li>There are also risks the UK hasn't raised rates enough</li><li>Food inflation is longer-lasting than past spikes</li><li>Food price inflation will fall to 10% this year</li></ul><p>He isn't offering much here but there isn't the kind of rhetoric that would normally come with a path to 6%. Right now the terminal top is pried at 5.7% with a 65% chance of a 25 bps hike at the Sept 21 meeting.</p>

This article was written by Adam Button at www.forexlive.com.