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- BoE's Pill: No guarantee the first BoE hike will be 15bps
BoE's Pill: No guarantee the first BoE hike will be 15bps
Bank of England Chief Economist Huw Pill said on Friday that markets should not assume that the BoE's first rate hike will be a 15bps move, according to Reuters. Speaking at an economics conference in Bristol, the BoE's Chief Economist added that "there is an attraction at some point to getting back to a multiple of 0.25 ... but we are not under pressure to do that immediately."
Market Reaction
FX markets have not seen any notable reaction to Pill's latest remarks.
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