BOE’s Pill Says Summer Cut in Play in New Dovish Signal
- Chief economist says BOE ‘capped’ underlying price pressures
- He says it’s ‘not unreasonable’ for MPC to consider cut soon
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Bank of England Chief Economist Huw Pill said a summer interest-rate cut is on the table but cautioned there is “still some work to do” to curb domestic price pressures in the UK.
Pill said the BOE has “capped” underlying inflation measures and that it is “not unreasonable” to expect the Monetary Policy Committee to consider cuts over the summer.