The Bank of England should raise its key interest rate to limit the risk that inflation will stay above its target for a prolonged period, even though the course of the war in the Middle East remains highly uncertain, Chief Economist Huw Pill said Thursday. Pill has long favored a higher level for the key rate than his colleagues on the nine-member Monetary Policy Committee. He was joined by two other members in voting for a rate rise in July, with six members backing a hold.
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BOE’s Chief Economist Sees Need for Rate Rise as War’s Course Remains Uncertain
wsj.com
03.09.2026
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