BOE Chief Economist Huw Pill expresses caution on early interest rate cuts due to persisting inflation.

BOE Chief Economist Huw Pill is cautious on interest rate cuts, citing risks of acting too early as inflation persists. While the economic outlook has not significantly changed, Pill states that little news and the passage of time have brought a bank rate cut somewhat closer. Bank of England rate-setter Jonathan Haskel warns the UK's labor market is loosening slowly and will be crucial in tackling inflation.

April 23, 2024
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