Hopes of interest rate cut dashed by Bank of England economist

Hopes of  interest rate cut dashed by Bank of England economist

Interest rates, Business, Economics, Bank of England Business | The Guardian

​Huw Pill said he was uncomfortable with persistence of inflationHouseholds’ hopes of a cut in interest rates have received a setback after the chief economist of the Bank of England warned that key measures of inflation remained “uncomfortably high”.Huw Pill, one of the nine members of Threadneedle Street’s monetary policy committee (MPC), strongly hinted he would vote to keep official borrowing costs at 5.25% when he said wage growth and inflation in the services sector were proving persistent. Continue reading… 

Huw Pill said he was uncomfortable with persistence of inflation

Households’ hopes of a cut in interest rates have received a setback after the chief economist of the Bank of England warned that key measures of inflation remained “uncomfortably high”.

Huw Pill, one of the nine members of Threadneedle Street’s monetary policy committee (MPC), strongly hinted he would vote to keep official borrowing costs at 5.25% when he said wage growth and inflation in the services sector were proving persistent.

Continue reading… 

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