LONDON, Feb 3 (Reuters) - Bank of England Chief
Economist Huw Pill said on Friday it was important not to raise
interest rates too high, noting they had already increased by a
large amount and the full effects of that had yet to register on
the economy.
"It's also important that we enguard against the possibility
of doing too much," Pill told Times Radio.
On Thursday, the BoE raised interest rates to 4%, their
highest since 2008, in a bid to stamp out the risks from the
surge in inflation. But it also signalled it was close to
pausing its run of rate hikes which began in December 2021.
(Reporting by William Schomberg, writing by William James,
editing by Paul Sandle)
Reuters Messaging: william.schomberg.reuters.com@reuters.net))
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