Huw Pill raises possibility of interest rate rise, saying war between Israel and Hamas may affect oil price
The Bank of England has more “work to do” to ensure inflation is brought back under control, Threadneedle Street’s chief economist Huw Pill has said.
Raising the possibility of an increase in borrowing costs from the Bank, Pill said the fact that the headline measure of the cost of living was now falling was not enough to claim victory.
