By Brian Swint

April 18 (Bloomberg) -- Bank of England Chief Economist Charles Bean said that policy makers are walking a `tightrope' as consumer prices rise and the worldwide seizure of credit markets exacerbates the economic slowdown.

``Inflation is likely to exceed 3 percent again during the second half of this year,' Bean said yesterday in London. ``The dislocation in credit markets has worsened, but pricing pressures have also intensified. We will be unveiling new projections that take these developments on board' in May.

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