BoE’s Pill: Size and pace of further easing will hinge on inflation

BoE’s Chief Economist Huw Pill spoke before lawmakers in Parliament.

Key Quotes

We do need to remain vigilant to new shocks that might hurt path back to 2% inflation. 

Evidence points against more rapid cuts in bank for me. 

Further progress in disinfaltion would permit further cuts this year. 

Size and pace of cuts will depend on how inflation risks evolve.