BoE’s Pill: Maintaining restrictive rates, not hikes, essential for tackling inflation

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<p>BoE Chief Economist Huw Pill highlighted today that the existing policy rate, deemed restrictive, is sufficient to dampen inflationary pressures without necessitating further hikes. &#8220;Having established monetary policy in restrictive territory, it&#8217;s not the case that we need to raise rates in order to bear down on inflation,&#8221; he said in a speech to the [&#8230;]</p>
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