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BOE Chief Economist Says He's Cautious on Interest Rate Cuts [Yahoo! Finance]
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Most Read from Bloomberg Ray Dalio's Famous Trade Is Sputtering, Investors Bailing Trump Has Only $6.8 Million for Legal Fees With Trial Underway Zimbabwe's ZiG Wipes Out 330% Stocks Rally Billionaire Pinaults Fight to Pull Gucci Off the Discount Rack Apple's China iPhone Sales Dive 19% in Worst Quarter Since 2020 Pill said the economy and price pressures have evolved roughly as he expected at the start of March. As a result, “the absence of news and the passage of time have brought a Bank Rate cut somewhat closer.” However, he pushed back against expectations of an imminent move, saying there was “still a reasonable way to go before I am convinced that the persistent momentum in underlying inflation has stabilized.” Pill's comments in a speech in London come shortly before the BOE goes into silent period ahead of its next rate decision on May 9, when the bank will also publish a full forecast for inflation and growth. The central bank signaled in February that rate c
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