Bank of England Chief Economist Huw Pill said an early interest rate hike could help contain rising inflation pressures and reduce the need for more aggressive action later. Pill, who backed a rate increase in July, warned that delaying action could allow temporary price pressures to become more persistent.
Bank of England Chief Economist Huw Pill said an early interest rate hike could help contain rising inflation pressures and reduce the need for more aggressive action later. Pill, who backed a rate increase in July, warned that delaying action could allow temporary price pressures to become more persistent.
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Bank of England Chief Economist Huw Pill has backed an early interest rate hike to prevent temporary inflationary pressures linked to the Iran war from becoming entrenched. While markets see limited odds of a September hike, expectations for a November increase have risen sharply, keeping inflation, wages and energy costs in focus.
