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Bank of England's Pill Warns Against 'Wait and See' Interest Rates Approach

Summary by City AM
The Bank of England’s chief economist has warned that a “wait and see approach” to setting interest rates amid the ongoing Iran war could unleash a fresh wave of inflation that the central bank will find hard to contain if left unchecked. Huw Pill, who has long been one of the most hawkish rate-setters on [...]

8 Articles

The Herald ScotlandThe Herald Scotland
+3 Reposted by 3 other sources
Lean Left

Bank of England’s top economist calls for ‘prompt’ interest rate hike

Huw Pill said it was a risk to leave interest rates unchanged while waiting for clearer signs of how the Iran war has affected UK inflation.

·Glasgow, United Kingdom
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