"I think that is a reason for caution, for carefulness in the way we proceed with removing monetary policy restriction and cutting bank rate," Pill said.

February 7, 2025. More for You ...

The Bank of England has revised down its expectations for growth this year, which keeps the door wide open for multiple rate cuts to come.

Huw Pill called an expected rise in inflation this summer an ‘upward blip’ and said it would probably not affect everyday ...