BoE’s Pill: Need for caution points to a gradual withdrawal of policy restriction
globalreutersOctober 4, 20241 Mins read Bank of England (BoE) Chief Economist Huw Pill said in a scheduled appearance on Friday that there is an “ample reason for caution in assessing the dissipation of inflation persistence.” Pill added that the “need for such caution points to a gradual withdrawal of monetary policy restriction.” Additional comments Further cuts in bank rate remain in prospect but it will be important to guard against the risk of cutting rates either too far or too fast.
Recent Posts
Categories
Related Articles
FX Weekly Recap: September 30 – October 4, 2024
The market spotlight was mostly on U.S. jobs-related data but geopolitical headlines...
Global Market Weekly Recap: September 30 – October 4, 2024
Geopolitical headlines dominated this week, followed by Fed Chair Powell’s comments on...
Forexlive Americas FX news wrap 4Oct:US jobs report is strong. USD, yields and stocks rise
WSJs Timiraos: A solid September payroll takes a lot of November Fed...
WSJs Timiraos: A solid September payroll takes a lot of November Fed meeting
Wall Street Journal's Nick Timiraos is out with a tweet saying:A very...
Leave a comment