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 15:50:00
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UK can’t say ‘job done’ on fighting inflation, says Bank of England’s Huw Pill
