Bank of England's Pill urges rate cut caution
Bank of England’s Huw Pill: ‘Ample reason for caution’ on interest rates
Huw Pill, chief economist at the Bank of England, called for a “gradual” approach to cutting interest rates, citing continued concerns about the potential upside risks to the inflationary outlook. In a speech this morning Pill said there was “ample reason for caution” when assessing the dissipation of inflationary persistence.
Bank of England's Pill urges rate cut caution after Bailey suggested faster pace
The Bank of England should move only gradually with cutting interest rates, Chief Economist Huw Pill said on Friday, a day after Governor Andrew Bailey was quoted as saying the BoE might move more aggressively to lower borrowing costs.
BOE’s Top Economist Cautions Against Cutting Rates ‘Too Far or Too Fast’
Bank of England Chief Economist Huw Pill warned against cutting interest rates “too far or too fast” as he set out his case for a “gradual withdrawal” of restrictive monetary policy over the coming months.
BOE’s Pill Sees Need for Caution in Cutting Key Rate
The BOE should proceed cautiously in lowering borrowing costs as inflation cools, Chief Economist Huw Pill said Friday.
BoE’s Pill opposes Bailey and says August base rate cut was ‘too early’
Huw Pill, member of the Bank of England’s Monetary Policy Committee, said it acted “too early” when it cut the base rate in August.
BoE’s Pill and Bailey at odds over pace of rate cuts
The Bank of England’s chief economist said the base rate should not be cut “too far or too fast,” — which comes a day after the central bank governor
Sterling, Gilt Yields Rise After BOE’s Pill Signals Gradual Rate Cuts
Sterling extended its rise slightly after the BOE’s chief economist signalled gradual interest-rate cuts, comments which come after the pound was hit when BOE Gov. Andrew Bailey said more aggressive rate cuts were possible.
BoE's Pill urges caution on rate cuts after Bailey suggested faster pace
Bank of England Chief Economist Huw Pill said the British central bank should move only gradually with cutting interest rates, a day after Governor Andrew Bailey was quoted as saying the BoE might move more aggressively to lower borrowing costs.
Pound rallies as Bank of England’s chief economist urges caution over interest rate cuts – business live
Both the unemployment rate and the average hourly earnings growth will probably remain unchanged at 4.2% and 3.8%, respectively. Up to now, data prints have been mixed, with the ISM manufacturing survey disappointing but both the weekly jobless claims and the ISM services survey raising the probability of an upside surprise today.
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