BOE Should Show More Caution in Future Rate Cuts, Says Chief Economist

Huw Pill, the Chief Economist of the Bank of England (BOE), has urged a more cautious approach to future interest rate cuts, highlighting the ongoing challenge of high inflation. This call for moderation is significant as it reflects the BOE's need to balance economic growth with inflation control, which is crucial for maintaining financial stability. Pill's comments suggest that while rate cuts may be necessary, they should be implemented thoughtfully to avoid exacerbating inflationary pressures.