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Evening Standard
Evening Standard
Politics
Henry Saker-Clark

Risk of ‘persistent inflation’ could affect rate cuts, says Bank economist

Inflation Huw Pill Bank of England Interest Rates
The Bank of England voted to cut rates to 4% (Jordan Pettitt/PA) - (PA Wire)

The top economist at the Bank of England has warned there is an increased risk of “persistent inflation” despite the central bank cutting interest rates.

Huw Pill, chief economist at the Bank, stressed there has been “progress” in bringing inflation down in recent months, in a briefing following the latest interest rate decision.

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