- Analytics
- News and Tools
- Market News
- BOE's Pill: Inflation shock to translate into second-round effects
BOE's Pill: Inflation shock to translate into second-round effects
"Much remains to be resolved before we vote on our august policy decision," Bank of England Chief Economist Huw Pill said on Wednesday, as reported by Reuters.
Additional takeaways
"'act forcefully' line reflects the willingness to act faster while emphasising conditionality."
"We are talking about rate hikes, not cuts."
"Line on 'scale, pace, timing' reflects a flexible approach."
"Unanimity about the short-term interest rate outlook no longer exists on MPC."
"Case for maintaining forward guidance to a smooth transition to tightening cycle much diminished."
"Likely inflation shock will translate into second-round effects."
"This threatens to create more persistent inflation dynamics in the UK."
"MPC weighing up immediate inflationary impact against medium-term disinflationary impact."
"MPC's framework defines a difficult narrow path."
Market reaction
The GBP/USD pair edged slightly higher after these comments and was last seen rising 0.2% on the day at 1.1980.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
