By Henry Saker-Clark, PA Deputy Business Editor & Lawrence Matheson The Bank of England’s top economist, Huw Pill, has stated that a cut to UK interest rates is still “some way off”. Speaking at Cardiff University, he also warned that the economy is currently weak and policymakers should not feel a “false sense of security” if inflation falls below the 2% target rate in the coming months. The UK interest rate is currently at 5. 25% after 14 increases, made in an effort to thwart rampant inflation, took it to the highest level since the financial crisis. Many economists and banks have predicted…