BOE’s Chief Economist Says ‘Balance’ Needed in Inflation Fight

Bank of England Chief Economist Huw Pill said policymakers are aware of the hardship that soaring interest rates inflict on households and must find a “balance” on fighting inflation without damaging the economy too much.

Speaking to the South Wales Argus on a visit to Newport, the official who sits on the nine-member Monetary Policy Committee said the BOE was “committed to doing everything we can to bring inflation back down to its 2% target.”