Newsquawk Logo

BoE Chief Economist Pill says there is a need to be cautious about overreacting to high-frequency developments, noting a different view from financial markets; does not think inflation expectations have become de-anchored

Newsquawk StaffPublished
Newsquawk headlinesUTC

Every headline is on the live feed 20 minutes before this site.

Go live — 7 days for $29.99
Go live — 7 days for £24.99
Go live — 7 days for €29.99

Rheinmetall (RHM GY) says co.'s satellite test centre and Andøy Municipality have signed MoU for an integrated processing facility

Canadian Housing Starts (Mar) 235.9K vs. Exp. 255K (Prev. 250.9K)

BoE Chief Economist Pill says there is a need to be cautious about overreacting to high-frequency developments, noting a different view from financial markets; does not think inflation expectations have become de-anchored

Greek shipowner sends its largest supertanker through Hormuz during Iran war, likely transiting with transponder off; headed to China, Bloomberg reports

US Treasury Secretary Bessent says US-Japan alliance is vital to global economic security

On the Newsquawk feed at , 20 minutes before this page.

Use the PlatformFree. No signup, no card.

INFLATION

  • The inflation outlook perhaps looks less pessimistic than in 2022 because there is more slack in the labour market.
  • Need to retain focus on the primary objective of keeping inflation at 2%.
  • Monetary policy cannot ultimately solve problems caused by real shock to economy, there will need to be a real adjustments.
  • Achieving the inflation target is somewhat at risk and policymakers need to consider policies that provide the most insurance against a repeat of 2022. Relative to where things were six weeks ago, that is the direction of travel.

POLICY

  • Personal view on calls for "wait and see" - you have to know what you're expecting to see.
  • Not sure waiting is necessarily the right response.
  • Open question on whether holding rates is the appropriate way of tightening.
  • Want MPC not to just say BoE is waiting and seeing.
  • Thinks bank rate is restrictive. 
  • Clearly less restrictive than they were with the bank rate at 4.5%.

Context

BoE Chief Economist Pill’s remarks suggest a cautious approach towards market reactions to recent data, emphasizing that inflation expectations have not deviated significantly. His view on the need for continued vigilance with monetary policy indicates a nuanced stance on future rate adjustments; while the bank rate may seem restrictive, there’s acknowledgment that the situation requires proactive management to mitigate potential inflation risks. This could affect market sentiment and expectations surrounding GBP and fixed income before the upcoming Monetary Policy Committee meeting.

Related headlines

The feed had this first.

Use the Platform
Newsquawk Logo

© 2026 Newsquawk. All rights reserved.