BoE’s Pill: Base case does not involve rates reaching 5.25%.

Market news

30 November 2022

BoE’s Pill: Base case does not involve rates reaching 5.25%.

Bank of England (BoE) Chief Economist Huw Pill is now making some comments on the central bank’s interest rate outlook.

Key quotes

Base case does not involve rates reaching 5.25%.

Have more to do on rates in the coming meetings.

Policy time lags mean focusing on labor market is key.

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