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Caution on bank rates cuts will be tonic, says Pill
Daily Express
|October 18, 2025
THE Bank of England’s chief economist has renewed calls for interest rates to be cut at a “more cautious pace” - adding to the likelihood the bank rate may be held at 4% for the foreseeable future.
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Huw Pill said efforts to lower inflation over the past year had been “disappointing” as he pointed to the effect taxes had in raising prices. Inflation is forecast to be 4% for September.
This story is from the October 18, 2025 edition of Daily Express.
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