Bank of England economist Huw Pill suggests a summer interest rate cut possibility if inflation eases.
Bank of England's top economist, Huw Pill, suggests a summer interest rate cut is a possibility if inflation continues to ease, while emphasizing the need to keep inflation within the Bank's 2% target due to ongoing wage growth and a robust jobs market. Pill's remarks follow Governor Andrew Bailey's statement that a rate cut in June could not be ruled out. The Bank of England's Monetary Policy Committee will examine upcoming jobs and inflation data before making its next interest rate decision.
May 14, 2024
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