BoE Chief Economist Pill says higher rates could help curb inflation
Bank of England Chief Economist Huw Pill said raising interest rates now could reduce the chance the central bank has to be more aggressive later to tame inflation picked up due to the Iran war.
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03:25:11 PM UTC
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By Paul HannonThe Bank of England should raise its key interest rate to limit the risk that inflation will stay above its target for a prolonged period, even though the course of the war in the Middle East remains highly uncertain, Chief Economist Huw Pill said Thursday.Pill has long favored a high…
By Paul HannonThe Bank of England should raise its key interest rate to limit the risk that inflation will stay above its target for a prolonged period, even though the course of the war in the Middle East remains highly uncertain, Chief Economist Huw Pill said Thursday.Pill has long favored a high…