BOE: Brexit may make Britain’s inflation worse

Bloomberg

Britain’s departure from the European Union may make the economy more sensitive to inflation, a Bank of England rate setter said.
“Brexit has reduced the UK’s potential output,” said Michael Saunders, one of the nine members of the Monetary Policy Committee. “It may also have increased the extent to which, if there is excess demand in the economy, that inflation picks up. But it’s wrong to think that this will be a cause of persistently high inflation in the UK.”