BoE chief economist hints at rate rise but new Covid variant leads to doubts - short news
Analysts say prospect of interest rate rise has diminished despite Huw Pill’s address to a CBI conference
The Bank of England appears to have move a step closer towards increasing the cost of borrowing next month after its new chief economist, Huw Pill, said the UK’s recovery from the pandemic was strong enough for the central bank to take “policy action”, despite fears over the new Covid strain.
Pill, a member of theBank’s nine-strong monetary policy committee (MPC),..
source: The Guardian - 26.11.2021