UK can’t say ‘job done’ on fighting inflation, say’s Bank of England’s Huw Pill
Chief economist warns that ‘cautious’ approach to further interest rate reductions is requiredThe Bank of England is not in a position to declare “job done” in tackling inflation amid concerns over rising prices hitting households, Threadneedle Street’s chief economist, Huw Pill, has said.Speaking a day after the central bank cut interest rates and slashed its growth forecasts for 2025, Pill warned that a “cautious” approach to further interest rate reductions would be required as inflation pressures remained. Continue reading...
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Chief economist warns that ‘cautious’ approach to further interest rate reductions is required
The Bank of England is not in a position to declare “job done” in tackling inflation amid concerns over rising prices hitting households, Threadneedle Street’s chief economist, Huw Pill, has said.
Speaking a day after the central bank cut interest rates and slashed its growth forecasts for 2025, Pill warned that a “cautious” approach to further interest rate reductions would be required as inflation pressures remained. Continue reading...
