The post A more cautious withdrawal of monetary policy restriction may be appropriate appeared on BitcoinEthereumNews.com. Bank of England (BoE) Chief Economist Huw Pill said on Friday, “a more cautious withdrawal of monetary policy restriction may be appropriate.” Additional quotes There is a risk that self-sustaining inflationary dynamics embed in expectations. Must guard against cutting too far or too fast. Vote to maintain rates is a skip rather than a halt. Continue to see rate cuts if the economy evolves as forecast. Need to recognise CPI stubbornness as more pressing. Shocks could prompt policy changes either way. Market reaction GBP/USD is trading modestly flat on the day at 1.3430 following these comments. Source: https://www.fxstreet.com/news/boes-pill-a-more-cautious-withdrawal-of-monetary-policy-restriction-may-be-appropriate-202510170948The post A more cautious withdrawal of monetary policy restriction may be appropriate appeared on BitcoinEthereumNews.com. Bank of England (BoE) Chief Economist Huw Pill said on Friday, “a more cautious withdrawal of monetary policy restriction may be appropriate.” Additional quotes There is a risk that self-sustaining inflationary dynamics embed in expectations. Must guard against cutting too far or too fast. Vote to maintain rates is a skip rather than a halt. Continue to see rate cuts if the economy evolves as forecast. Need to recognise CPI stubbornness as more pressing. Shocks could prompt policy changes either way. Market reaction GBP/USD is trading modestly flat on the day at 1.3430 following these comments. Source: https://www.fxstreet.com/news/boes-pill-a-more-cautious-withdrawal-of-monetary-policy-restriction-may-be-appropriate-202510170948