BoE's Pill signals caution on interest rate path - Breaking The News

BoE's Pill signals caution on interest rate path

1 August

1 min read

EPA-EFE/ANDY RAIN

Bank of England (BoE) Chief Economist Huw Pill emphasized on Thursday the institution's cautious approach toward future interest rate adjustments.

During a virtual Q&A session following the first interest rate cut since 2020, Pill indicated that the bank is not committing to further rate cuts, highlighting the complexity of the British economic landscape. He warned that the path ahead is "bumpy" with potential challenges, particularly regarding inflation.

Pill's remarks suggest a measured posture, aiming to balance inflation control with broader economic stability.

bank of england interest rates boe pill

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