Bank of England has more ‘work to do’ to control inflation, says chief economist

Supermarket customers. Huw Pill said it was not feasible that the Bank of England could have prevented the surge in inflation. Photograph: Tolga Akmen/EPA

The Bank of England has more “work to do” to ensure inflation is brought back under control, Threadneedle Street’s chief economist Huw Pill has said.

Raising the possibility of an increase in borrowing costs from the Bank, Pill said the fact that the headline measure of the cost of living was now falling was not enough to claim victory.