Inflation & Prices
BOE Says Energy Bill Cap Could Cut Inflation in Short Term
- Chief economist says focus for rate setters is on longer-term
- Governor welcomes government’s plan to review BOE remit
The Bank of England headquarters in London.
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Bank of England Chief Economist Huw Pill said it’s the longer-term impact on inflation of the UK government’s multi-billion pound energy bail out that will be key to determining where interest rates are headed.