BoE's Pill urges caution on rate cuts
BoE's Pill urges caution on rate cuts after Bailey suggested faster pace
Bank of England Chief Economist Huw Pill said the British central bank should move only gradually with cutting interest rates, a day after Governor Andrew Bailey was quoted as saying the BoE might move more aggressively to lower borrowing costs.
BOE’s Pill Sees Need for Caution in Cutting Key Rate
The BOE should proceed cautiously in lowering borrowing costs as inflation cools, Chief Economist Huw Pill said Friday.
Bank of England should not cut interest rates ‘too far or too fast’, chief economist warns
The comments follow Bank governor Andrew Bailey hinting interest rate cuts could soon become "more aggressive".
Bank of England could become 'more aggressive' on rate cuts, Bailey says
The Bank of England could move more aggressively to cut interest rates if inflation pressures continue to weaken but conflict in the Middle East could push up oil prices, Governor Andrew Bailey said.
Huge shift in interest rate predictions as Bank of England chief says cuts could be more 'aggressive'
"A bit more aggressive". Four words from Andrew Bailey have tipped financial markets to now expect an interest rate cut at the Bank's next meeting on 7 November.
Bank of England warned don't cut interest rates 'too far or too fast' by own economist
Huw Pill has signalled that rates should be cut in a 'gradual' manner, amid caution over the long-term path of inflation
Bank of England's Pill urges rate cut caution after Bailey suggested faster pace
The Bank of England should move only gradually with cutting interest rates, Chief Economist Huw Pill said on Friday, a day after Governor Andrew Bailey was quoted as saying the BoE might move more aggressively to lower borrowing costs.
UK Pound Sinks as BoE Hints at More Aggressive Rate Cuts on the Horizon
The British pound experienced a significant decline following comments from Andrew Bailey, the Governor of the Bank of England, indicating that the central bank could adopt a more aggressive approach in cutting interest rates if inflation continues to ease.
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The GBP/USD pair experienced a significant sell-off on Thursday, plummeting to a two-week low of $1.3093 following comments ...