Interest Rates
Bank of England has ‘reasonable way to go’ before rate cuts
Huw Pill used a speech on Tuesday to caution that a tight labour market and still-high pay growth data would require a more cautious attitude.
Interest rates cuts are far from imminent, the Bank of England's chief economist has signalled, amid concerns about persistent inflation in the British economy.
Huw Pill used a speech on Tuesday to caution that a tight labour market and stubborn pay growth data would require a more cautious attitude from the Monetary Policy Committee (MPC) when it meets in May.
Addressing the University of Chicago Booth School of Business in London, he said that "the ...