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BoE's Pill says a rate hike need not be start of long series
BANGKOK: A future interest rate increase by the Bank of England should not be interpreted by investors as the start of a long series of increases, BoE Chief Economist Huw Pill said on Thursday. “We shouldn’t give the impression that because we act now, we are on another staircase … like we saw in 2022 and 2023. It’s a different shock,“ Pill said during a panel discussion hosted by the Bangkok Economic Festival on the sidelines of International Monetary Fund meetings in the city. On Wednesday, Pill – who has voted for higher rates since April – had pushed back against financial market bets for ...
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