Huw Pill warns inflation could rebound as UK business survey signals economy strengthened over last month
The prospects of a summer cut in UK interest rates receded on Tuesday after the Bank of England’s chief economist cautioned against cutting too soon and a key survey signalled the economy strengthened over the last month.
The Bank’s chief economist, Huw Pill, said concerns remained that inflation, which is expected to fall below its 2% target within a few months, could rebound after a recovery in economic growth.
Continue reading…Huw Pill warns inflation could rebound as UK business survey signals economy strengthened over last monthBusiness live – latest updatesThe prospects of a summer cut in UK interest rates receded on Tuesday after the Bank of England’s chief economist cautioned against cutting too soon and a key survey signalled the economy strengthened over the last month.The Bank’s chief economist, Huw Pill, said concerns remained that inflation, which is expected to fall below its 2% target within a few months, could rebound after a recovery in economic growth. Continue reading…
