9/27, 4:59 PM (Source: TeleTrader)
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Policy normalization not a race among countries - BoE's Pill

Bank of England (BoE) Chief Economist Huw Pill highlighted on Tuesday, at a conference in London, that "normalizing monetary policy is not a race between countries and markets are sometimes uncomfortable with that."

Pill commented that market moves must be factored into the monetary policy outlook, adding that the central bank will continue to prioritize ensuring "orderly and well-functioning markets."

Pill further noted that fiscal response in the UK "frees up monetary policy to address longer-term inflation dynamics." He asserted that BoE expects to see inflation decelerate starting in December.

Baha Breaking News (BBN) / AY