Bank Of England's Pill: Significant Monetary Policy Response Will Be Required In Nov

Monetary policy: an anchor in challenging times - speech by Huw Pill

BoE Chief Economist Pill says at present, he is still inclined to believe that a significant monetary policy response will be required to the significant macro and market news of the past few weeks

"But I will see when we get to November how events have evolved in the meantime".

Employment has stagnated and is now showing tentative signs of falling.

This will help to cool the labour market and contain some of the domestically-driven inflationary pressures that historically have threatened to become more persistent.

I Continue To Expect A Significant Monetary Policy Action At The Monetary Policy Committee's Next Scheduled Meeting

Fiscal Announcements Will, On Balance, Provide A Further Stimulus To Demand Relative To Supply Over The Medium-Term, Monetary Policy Relevant Horizon

Volatile Market Dynamics That Followed The Announcement Of The Growth Plan Underline The Need To Bolster The Credibility Of The Wider Institutional Framework

It Is Welcome That The Role Played By The Office For Budget Responsibility (OBR) In Scrutinising The Government's Fiscal Plans Will Be Resumed

GBP GBP The Great British pound (GBP) or pound sterling is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, Gibraltar, South Georgia, and other pacific territories.The GBP is currently the fourth most-traded currency worldwide in forex markets after the US dollar, euro, and Japanese yen.As the oldest currency in continual use, the GBP holds great weight on the world market and is also the fourth largest reserve currency.The Bank of England (BoE) is the central banking auth The Great British pound (GBP) or pound sterling is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, Gibraltar, South Georgia, and other pacific territories.The GBP is currently the fourth most-traded currency worldwide in forex markets after the US dollar, euro, and Japanese yen.As the oldest currency in continual use, the GBP holds great weight on the world market and is also the fourth largest reserve currency.The Bank of England (BoE) is the central banking auth Read this Term