Hints and tips:
...“Lower interest rates are a reward to the economy for better inflation performance,” Pill said....
...Huw Pill, the Bank’s chief economist, is at the heart of that response....
...Huw Pill said in an online Q&A session on Monday that key gauges of price pressures were not yet at a level that would permit the bank’s Monetary Policy Committee to start easing policy, but that he did...
...Officials at the BoE have been coy about the likely timing of their first reduction, with chief economist Huw Pill recently insisting that he thought the time for the first move remained “some way off”....
...In 1967, the same year that the female contraceptive pill became available to unmarried women, the nationwide transition to natural gas began in Britain....
...The comments, which echoed similar remarks by the BoE’s chief economist Huw Pill earlier this month, came after the bank’s Monetary Policy Committee held its critical rate at 5.25 per cent at its most recent...
...Huw Pill, the bank’s chief economist, said on Monday that it was now a question of when, not if, the BoE lowers rates, but he said the time was not yet appropriate....
...The comments came after Pill this month wrongfooted financial markets by raising expectations for interest rate cuts next year....
...Pill added that it was unlikely that nothing would happen over the next nine months to change the outlook....
...Pill had suggested investor expectations for cuts halfway through next year were not “unreasonable”....
...Bailey’s remarks follow comments this week from Huw Pill, the bank’s chief economist, who suggested it was reasonable for markets to expect rate cuts from the middle of next year....
...The bank’s chief economist Huw Pill has labelled the strategy “Table Mountain”, an allusion to the flat-topped landmark in South Africa....
...While the BoE has cut its expectations for growth, predicting output will stagnate next year, Pill stressed that the downgrades were not necessarily a boost in the battle to tame inflation....
...Huw Pill, the bank’s chief economist, has argued that persistently tight monetary policy will be needed given stubborn growth in both wages and services price inflation — a strategy he dubs “Table Mountain...
...Haskel’s comments follow recent warnings to markets from other BoE officials, including governor Andrew Bailey and chief economist Huw Pill, that they should not expect cuts in interest rates to come quickly...
...Under plans that have been described as a “poison pill”, spending would fail to keep pace with inflation. Starmer on Monday said “we are a party that always invests in public services”....
...BoE decision makers including Huw Pill, the bank’s chief economist, have said monetary policy will have to remain tight in response....
...Bailey was speaking after his colleague, Bank of England chief economist Huw Pill, earlier this week suggested it was reasonable for markets to expect rate cuts from the middle of next year....
...Huw Pill, the BoE’s chief economist, has told the Financial Times this might be a better way of communicating to the markets than via the BoE’s traditional “fan chart” forecast, which communicates uncertainty...
...Andrew Bailey, Bank of England governor, said on Wednesday that it was premature to discuss rate cuts — even though Huw Pill, the BoE’s chief economist, said this week that markets were reasonable to expect...
...BoE chief economist Huw Pill suggested on Thursday in Marrakech that future decisions on interest rates will be “more finely balanced” amid evidence that the central bank’s aggressive campaign to tame inflation...
...Huw Pill, BoE chief economist, told the Financial Times last month that falling headline prices could give a false impression that the inflation threat had passed....
...In London, Bank of England chief economist Huw Pill speaks at an Official Monetary and Financial Institutions Forum conference while deputy governor Sam Woods addresses financial services industry leaders...
...If only Mary and Joseph were charged rent on the stable, the innkeeper could have used the money to donate deworming pills....
...“I didn’t like making this deal, but it was a bitter pill we had to swallow.”...
International Edition