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.
Bank of England chief economist Huw Pill cautions against cutting rates 'too far or too fast'
The Bank of England’s chief economist Huw Pill has warned against “cutting rates either too far or too fast”. During a speech in a conference in London today (4 October), Pill said there is "ample reason for caution" in determining whether inflation will dissipate.
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.
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.
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Bank of England’s Huw Pill says interest rates unlikely to return to zero
Interest rates are unlikely to return to the ultra-low levels seen during the 2010s, a senior Bank of England official said yesterday. In an online question-and-answer session, the Bank’s chief ...
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MNI BRIEF: BOE Pill Warns Against Cutting Too Far, Too Fast
Bank of England Chief Economist Huw Pill said Friday that there were plenty of reasons to be cautious in assuming that ...
Cracks are appearing in Reeves’s plans for an investment spending spree
One of the issues that the Office for Budget Responsibility (OBR) will be wrestling with as we approach Rachel Reeves’s first Budget is the effect her promised infrastructure spending spree might have ...
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Bank of England’s Huw Pill: Interest rates must remain high to tackle ‘persistent’ inflation
Huw Pill, the Bank of England’s chief economist, signalled that interest rates would remain higher for longer to tackle the danger of “persistent” inflation. Speaking at the Official ...