By Chris Dorrell Huw Pill, chief economist at the Bank of England, said there was still “some work to do” on ensuring inflation gets back to two per cent sustainably, but said a summer rate cut was “not unreasonable”. Speaking at an event run by the Institute of Chartered Accountants in England and Wales (ICAEW), Pill stressed that the Bank’s focus would be on the persistent components of inflation in the weeks ahead. “Inflation will get back to target in the next few months…But I think the key question is: is this domestically driven persistent component (of inflation)…now consistent with the…
