• Potential for things to get worse, see a chance of a disorderly outcome in Europe
  • Euro area perpiphery has to improve its competitiveness
  • Current situation potentially more dangerous than in 2008
  • Inflation will determine BOE’s stance on policy
  • Deflation a bigger risk than Inflation staying high
  • UK CPI expectations are well anchored

Comments made by the BOE official in an interview with MNI