Central Banks
BOE’s Top Economist Says More Rate Rises Needed to Tackle Inflation
- Chief economist warns of second-round effects on wages, prices
- Says BOE is keeping ‘laser-like focus’ on 2% CPI target
Huw Pill
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
The Bank of England needs to raise interest rates further to tackle inflationary pressures that are becoming increasingly domestic, Chief Economist Huw Pill said.
“My judgment there is still some more to do in order to address prevailing inflationary pressures and complete the necessary normalisation of monetary policy following a decade or more of exceptional accommodation,” he said at the Beesley Lecture in London Wednesday.