Bank of England (BoE) Monetary Policy Committee member Megan Greene said on Wednesday that the recent inflation data has been "encouraging" and that the BoE is closer to achieving the 2% inflation target "than just a few months ago."
However, Greene warned that reaching the target "was always going to be a bumpy ride" and that the "last mile is the hardest work." She pointed to a few sources of risk, including the volatile situation in the Middle East and other factors that could contribute to another energy price shock or other supply issues, which could in turn affect inflation expectations going forward.
