Bank of England: Impact of Middle East Conflict on

Bank of England Uncertain on Economic Impact of Middle East Conflict, Taylor SaysBank of England's Response to Middle East ConflictBy Gwladys Fouche and Yoruk BahceliImmediate Economic ConcernsOSLO, March 2 (Reuters) - Bank of England policymaker Alan Taylor said on Monday that it was too soon to tell how the conflict in the Middle East would impact Britain's sluggish economy. Oil prices surged as much as 13% on Monday, threatening to push up inflation if higher energy costs persist. Inflation and Growth OutlookAsked how higher energy costs would impact inflation and growth, Taylor told a conference hosted by Norway's central bank: "I think it's really too soon to tell". Inflation Target and U.S. TariffsHe said at the time he saw a risk of inflation persistently undershooting the BoE's 2% target in the future. (Reporting by Gwladys Fouche and Yoruk Bahceli; additional reporting by Suban Abdulla, editing by Andrei Khalip)