BoE’s Pill: Quarterly rate cuts may be too rapid given increasing intrinsic inflation persistence

BoE Chief Economist Huw Pill explained his vote to keep the Bank Rate unchanged at the May MPC meeting as a “skip” rather than a pause in the broader easing cycle. In speech today, Pill said that while disinflation remains on track, the pace of quarterly 25bps cuts since last summer may be ” too […]

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