Bank of England’s top economist calls for ‘more cautious’ interest rate cuts

The Bank of England in the City of London. It’s top economist Huw Pill has called for a ‘more cautious’ approach to rate cutting (John Walton/PA) - (PA Wire)

The Bank of England should be “more cautious” over reducing interest rates due to concerns over stubborn inflation, its top economist has warned.

Huw Pill, chief economist at the Bank, said in a speech in London that he “would expect further cuts” in the interest rate over the next year if conditions are in line with expectations.