Bank of England's Pill 'cautious' about further rate cuts

Exclusive-Bank of England's Pill 'cautious' about further rate cuts
The Bank of England needs to move cautiously with cutting interest rates because the long process of wrestling down inflation is not yet complete, BoE Chief Economist Huw Pill told Reuters. A week after the central bank cut rates for only the third time since raising them to a 14-year high in 2023,
Bank of England halves UK growth projection and cuts main interest rate to 4.50%
The Bank of England is widely expected to cut interest rates for the third time in six months later Thursday even though inflation remains above its target.
Bank of England Cuts Rates While Warning of Inflation and Trade War Risks
The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.
Bank of England's Mann says no to 'cut, cut, cut' on rates
Bank of England policymaker Catherine Mann said on Tuesday that her unexpected vote for a half percentage-point cut in interest rates last week did not mean she wanted a series of rate cuts or that she would vote the same way again in March.
Bank of England Cuts Rates, Warns of Tariff Impact
The central bank responded to a troubling mix of stuttering economic growth, stubborn inflation and President Trump’s tariff threats.
Bank of England Chief Economist Says Some Colleagues ‘Rushing’ to Cut Rates
Bank of England Chief Economist Huw Pill pushed back against colleagues voting for a large interest rate cut, arguing that they are “rushing” to change policy too quickly.
Bank of England's Mann: Bigger rate cut was needed to 'cut through the noise'
Bank of England policymaker Catherine Mann said on Tuesday she voted for a half-point interest rate cut last week to "cut through the noise" about the right stance for policy, but said rates needed to remain restrictive.
Bank of England rate setter says inflation risk is falling after calling for jumbo rate cut
Fears of a major inflationary resurgence are overblown and wider economic woes will keep price rises in check this year, according to a Bank of England policymaker. Catherine Mann, whose calls for a more aggressive base rate cut were overruled by MPC colleagues last week,
Chancellor Rachel Reeves faces fresh headache over CV error on Bank of England stint
Chancellor Rachel Reeves is facing a fresh headache over her online CV after an administrative error made it seem she worked ...
Starmer backs Reeves amid scrutiny of CV changes and her banking career expenses
Sir Keir Starmer believes the Chancellor can be trusted and has no concerns about her conduct, Number 10 said.
Bank of England's Mann sees consumer pricing near target in year ahead, FT reports
Bank of England interest rate-setter Catherine Mann said companies will struggle to raise prices this year as consumers are ...
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Bank of England cuts interest rates to 4.5% and slashes UK growth forecast
The Bank of England has cut interest rates from 4.75% to 4.5% - the lowest base rate since June 2023 The Bank's Monetary Policy Committee voted 7-2 in favour of the cut - those two members ...