Huw Pill indicates he will vote for 15th successive interest rate rise despite risk policy could harm economy
The Bank of England must “see the job through” in the battle against inflation despite the risk it could harm the economy by overdoing interest rate increases, Threadneedle Street’s chief economist has said.
Speaking in South Africa, Huw Pill indicated he would be voting for a 15th successive rise in the cost of borrowing, to 5.5%, when the Bank’s nine-strong monetary policy committee meets next month.
