The Bank of England's chief economist Huw Pill said that despite forecasts of inflation climbing to 3.7% in the second half of the year, it is 'unlikely' to have longer-lasting effects on everyday pri

Bank of England chief economist downplays fears over inflation surge - Huw Pill called an expected rise in inflation this summer an ‘upward blip’ and said it would probably not affect everyday prices longer term.

Bank of England Chief Economist Huw Pill has expressed disagreement with colleagues who are advocating for a substantial interest rate cut. Pill's argument is that the decision to alter the policy is being made too rapidly.