Interest rate cuts might not be 'rapid' due to 'sticky' inflation, Bank of England chiefs warn as they highlight 'substantial' risks from Trump's trade war

Giving evidence to MPs, the Bank's chief economist Huw Pill warned interest rates might not fall as fast as hopes because there is still 'more work to do' to tackle price pressures.

Mar 5, 2025 - 17:48
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Interest rate cuts might not be 'rapid' due to 'sticky' inflation, Bank of England chiefs warn as they highlight 'substantial' risks from Trump's trade war
Giving evidence to MPs, the Bank's chief economist Huw Pill warned interest rates might not fall as fast as hopes because there is still 'more work to do' to tackle price pressures.