Global Market: BoE's Huw Pill wary of market bets on four rate hikes over next year
Bank of England Chief Economist Huw Pill has questioned market expectations for four quarter-point rate hikes over the next 12 months as policymakers assess the inflationary fallout of the Iran war. His comments highlight divisions within the Monetary Policy Committee over how to balance rising energy prices against risks to economic growth.
Key Takeaways
- Bank of England Chief Economist Huw Pill has questioned market expectations for four quarter-point rate hikes over the next 12 months as policymakers assess the inflationary fallout of the Iran war.
- His comments highlight divisions within the Monetary Policy Committee over how to balance rising energy prices against risks to economic growth.
- Full details and original dispatch available below.
Bank of England Chief Economist Huw Pill has questioned market expectations for four quarter-point rate hikes over the next 12 months as policymakers assess the inflationary fallout of the Iran war. His comments highlight divisions within the Monetary Policy Committee over how to balance rising energy prices against risks to economic growth.
Original Publisher Attribution
This summary was curated from Economic Times.