Today news
About the same in other media
BoE chief economist hints at rate rise but new Covid variant fuels doubts
Reading now: 222
The Bank of England appears to have move a step closer towards increasing the cost of borrowing next month after its new chief economist, Huw Pill, said the UK’s recovery from the pandemic was strong enough for the central bank to take “policy action”, despite fears over the new Covid strain.
Pill, a member of theBank’s nine-strong monetary policy committee (MPC), indicated he was preparing to vote in favour of an increase in interest rates on 16 December after official figures suggested concerns about a jump in unemployment at the end of the furlough scheme had proved unfounded.
Speaking at a CBI conference in Tyne and Wear, Pill said he wanted to increase interest rates to calm inflation if the potential hit to the economy was minimal. “In
Read more on theguardian.comAbout this in other media
Omnicron COVID variant: Curbs on southern Africa 'a kind of travel apartheid', says UN chief euronews.com /3 years ago
It's premature to turn bearish based on Covid omicron variant fears, Stifel's chief economist suggests cnbc.com /3 years ago
Here’s how the new Covid variant is turning Bitcoin into a traditional asset ambcrypto.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
