BoE chief economist defends inflation forecast record

Pill has written to the Treasury Select Committee

Elliot Gulliver-Needham
clock • 2 min read
BoE chief economist Huw Pill. Credit: Bank of England
Image:

BoE chief economist Huw Pill. Credit: Bank of England

The Bank of England should continue to rely on economic modelling when making monetary policy decisions, Bank of England (BoE) chief economist Huw Pill has argued.

Writing to Harriet Baldwin, chair of the Treasury Select Committee (TSC), Pill defended the use of forecasts in the monetary policy process, arguing they "help to develop a narrative for the evolut...

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