Bank of England Chief Economist Huw Pill said on Thursday the central bank would "see the job through" on bringing high inflation back down to the BoE's 2% target, even if there was a risk of raising interest rates too high.

"The key element is that we on the MPC need to see the job through and ensure a lasting and sustainable return of inflation to the 2% target," Pill said in a speech at a research conference organised by the South African Reserve Bank.

The BoE raised interest rates for the 14th time in a row earlier this month and said borrowing costs were likely to stay high for some time in order to prevent high inflation from turning into a long-term problem for Britain's economy.

(Reporting by William Schomberg and Sarah Young in London; Editing by Alistair Smout)