Cut to Interest Rates Still 'Some Way Off', Says Bank of England Economist

Huw Pill
Photographer: Graeme Sloan/Bloomberg

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By THE PRESS ASSOCIATION (Henry Saker-Clark, PA Deputy Business Editor)

March 1, 2024 at 3:32 PM UTC

This article is for subscribers only.

The Bank of England's top economist has said he believes a cut to UK interest rates is still "some way off".

Huw Pill, chief economist at the central bank, also warned that the economy is currently weak and said policymakers should not feel a "false sense of security" if inflation falls below the 2% target rate in the coming months.