Bank of England's Pill: Rate decisions now 'finely balanced'

Indicates ‘higher for longer’ rates

Elliot Gulliver-Needham
clock • 3 min read

The Bank of England’s decision-making regarding the path for interest rates has become a more "finely balanced" issue in recent weeks, according to Huw Pill, the central bank's chief economist.

During a speech at the Marrakesh Economic Festival in Morocco today (12 October), he said: "We have done a lot over the last two years. A lot of that policy is still to come through, and there is still policy transmission in the pipeline. "Whether we have done enough - or whether we have more to do - I think is becoming a more finely balanced issue. But we will do what we need to do in order to have inflation at 2% on a lasting basis." Bank of England holds rates at 5.25% in 5-4 split vote However, Pill also gave strong indications that rates would remain higher...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Good weather boosts April UK retail sales to highest level since July 2022
UK

Good weather boosts April UK retail sales to highest level since July 2022

Consumer confidence also up

Sorin Dojan
clock 23 May 2025 • 2 min read
Reeves to tell G7 that Britain 'is open for business'
UK

Reeves to tell G7 that Britain 'is open for business'

G7 meeting in Banff

Linus Uhlig
clock 21 May 2025 • 1 min read
Ideals' Sabine Schilg: UK to lead European deal activity in 2025
UK

Ideals' Sabine Schilg: UK to lead European deal activity in 2025

From recovery to leadership

Sabine Schilg
clock 21 May 2025 • 3 min read
Trustpilot
Loading page