Bank chief economist: UK interest rate cuts have been 'too rapid'

NAMPA / DPA
2025-05-20
London (PA Media/dpa) - The Bank of England has been cutting interest rates too quickly, its chief economist has warned. Huw Pill said the pace of interest rate reductions since August last year has been "too rapid" given the balance of risks to UK inflation. Speaking at an event held at Barclays in London, he said progress of "disinflation" was partly a signal that easing monetary policy - meaning rates coming down - was working. "And in my view......
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