Bank of England holds rates
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LONDON, Feb 6 (Reuters) - Bank of England Chief Economist Huw Pill said on Friday that there was a risk that the central bank draws too much comfort from an expected fall in inflation in April, and that it was important to make sure price growth does not go below target.
The Bank of England kept borrowing costs steady at 3.75 per cent in a knife-edge decision as it signalled that a further interest rate reduction could come as soon as March. The M
By David Milliken and Suban Abdulla LONDON, Feb 6 (Reuters) - Bank of England Chief Economist Huw Pill said on Friday that the central bank should not be too reassured by the likely return of inflation to near its 2% target in the second quarter of this year as much of this will be due to one-off factors.