UK can’t say ‘job done’ on fighting inflation, says Bank of England’s Huw Pill

Chief economist warns that cautious' approach to further interest rate reductions is required

The Bank of England is not in a position to declare job done" in tackling inflation amid concerns over rising prices hitting households, Threadneedle Street's chief economist, Huw Pill, has said.

Speaking a day after the central bank cut interest rates and slashed its growth forecasts for 2025, Pill warned that a cautious" approach to further interest rate reductions would be required as inflation pressures remained.