Huw Pill replaces Andrew Haldane

Comments from the BOE's chief economist

  • 5% inflation would be much too high still
  • We still have some work to do to curb inflation
  • Resilience of the UK economy seems to be easing
  • BOE must focus on inflation and not tackling other issues in the economy

BOE pricing is almost nil in terms of rate hikes going forward. The first cut is nearly fully priced in for June.