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BoE's Pill: A more cautious withdrawal of monetary policy restriction may be appropriate

FXStreetOct 17, 2025 9:48 AM

Bank of England (BoE) Chief Economist Huw Pill said on Friday, “a more cautious withdrawal of monetary policy restriction may be appropriate.”

Additional quotes

There is a risk that self-sustaining inflationary dynamics embed in expectations.

Must guard against cutting too far or too fast.

Vote to maintain rates is a skip rather than a halt.

Continue to see rate cuts if the economy evolves as forecast.

Need to recognise CPI stubbornness as more pressing.

Shocks could prompt policy changes either way.

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