© Reuters. FILE PHOTO: General view of the Bank of England, in London, Britain October 31, 2021. REUTERS/Tom Nicholson
LONDON (Reuters) – Bank of England chief economist Huw Pill said on Friday he believed the way was clear for the British central bank to raise interest rates for the first time since the coronavirus pandemic hammered the world economy last year.
“In my view, the ground has now been prepared for policy action,” Pill said in the text of a speech to the Confederation of British Industry.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.