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UK can’t say ‘job done’ on fighting inflation, says Bank of England’s Huw Pill

The Guardian on The Guardian
UK can’t say ‘job done’ on fighting inflation, says Bank of England’s Huw Pill



Chief economist warns that ‘cautious’ approach to further interest rate reductions is requiredThe Bank of England is not in a position to declare “job done” in tackling inflation amid concerns over rising prices hitting households, Threadneedle Street’s chief economist, Huw Pill, has said.Speaking a day after the central bank cut interest rates and slashed its growth forecasts for 2025, Pill warned that a “cautious” approach to further interest rate reductions would be required as inflation pressures remained. Continue reading…



Source link : https://www.theguardian.com/business/2025/feb/07/uk-inflation-bank-of-england-huw-pill-interest-rates

Author : Richard Partington Economics correspondent

Publish date : 2025-02-07 15:50:03

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Tags : The Guardian

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