Economics

UK Recession Risk Makes BOE Wary of Acting on Inflation, Pill Says

Huw PillPhotographer: Hollie Adams/Bloomberg

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By David Goodman

May 25, 2022 at 8:33 AM UTC

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The Bank of England needs to tighten policy further to fight rising inflation, but it’s also wary of acting too quickly and risking pushing the UK into recession, according to Chief Economist Huw Pill.