BoE's Huw Pill: Monetary policy tightening 'is working' - reports

Inflation has begun to ease

Cristian Angeloni
clock • 1 min read
Credit: Bank of England
Image:

Credit: Bank of England

The Bank of England’s (BoE) chief economist Huw Pill has said the central bank’s interest rate hikes have started to have an effect on inflation.

Speaking at an online briefing on Friday (4 August), Pill said "monetary tightening […] is working", with headline inflation beginning to drop thanks to lower food and energy prices, according to a...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

GSAM appointed by Shell to run OCIO pensions brief, LCP warns against Budget pensions tax relief raid, Utmost publishes half-year results

Professional Pensions
clock 12 September 2025 • 1 min read
Outlook 'less than rosy' as UK GDP flatlines in July

Outlook 'less than rosy' as UK GDP flatlines in July

Tough decisions ahead for the chancellor

Michael Nelson
clock 12 September 2025 • 2 min read
SPP Conference 2025: In-person event tickets available

SPP Conference 2025: In-person event tickets available

The in-person event on 25 September will be held at the London office of A&O Shearman

Professional Pensions
clock 12 September 2025 • 1 min read
Trustpilot