Bank of England still needs to 'see the job through' on inflation: Pill

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, April 4 (Reuters) - Britain's central bank still cannot be sure that it has raised interest rates enough to tame inflation, although significant past tightening should soon bear down on the economy, Bank of England Chief Economist Huw Pill said on Tuesday. "On balance the onus remains on ensuring enough monetary tightening is delivered to 'see the job through' and sustainably return inflation to target," Pill said in remarks published by the BoE, ahead of a speech he was due to deliver in Geneva. Pill voted with the majority on the BoE's Monetary Policy Committee last month to raise the BoE's main interest rate to 4.25% from 4%, its 11th rate rise since starting to increase rates in December 2021. (Reporting by David Milliken Editing by William Schomberg)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.