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Huw Pill

Huw Pill

Chief Economist, Bank of England; MPC member

Appears in 1 story

Notable Quotes

“I see a bigger risk of inflation getting stuck too high than too low.” — Huw Pill

Stories

Bank of England cuts to 3.75%—one vote, two stories, and a fight over what “neutral” means

Money Moves

Voted to hold at 4.00%, warning inflation could get stuck above target

This cut had courtroom drama energy. The Bank of England dropped rates to 3.75%—but only because Governor Andrew Bailey switched his vote and made it 5–4. The immediate market read was hawkish-by-UK-standards: sterling rose and gilt yields ticked higher as traders pared back expectations for rapid 2026 easing.

Updated Yesterday