BoE’s Pill Pushes for Early Hike to Head Off Persistent Inflation

BoE Chief Economist Huw Pill argued for a prompt increase in Bank Rate to 4%, warning that waiting for uncertainty around Middle East conflict and inflation transmission to resolve could leave monetary policy behind curve. Speaking to Edinburgh Chamber of Commerce on Thursday, Pill said he was uncomfortable with a “wait-and-see” approach because policymakers may […] The post BoE’s Pill Pushes for Early Hike to Head Off Persistent Inflation appeared first on ActionForex.