Technical Analysis

BOE chief economist Huw Pill speech – full (hawkish) text

The headlines were here earlier for a summary:

If you’d like the full speech text, all the nitty-gritty:

  • UK monetary policy outlook − speech by Huw Pill
  • Huw Pill … explains that many economies are now facing higher interest rates for the first time since the Global Financial Crisis of 2008. That food and energy prices caused by the war in Ukraine have driven inflation much higher, and that a shortage of workers in the economy has made this worse.

    He explains that while many countries are facing some of these challenges, the UK is unusual in facing all of them at once. But the Monetary Policy Committee is acting to bring inflation back down in the months and years ahead.

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