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Huw Pill’s comments come a day after governor Andrew Bailey raised prospect of ‘more aggressive’ cuts
The Bank of England’s chief economist has warned against cutting interest rates “too far or too fast”, a day after the governor, Andrew Bailey, said the central bank could move “more aggressively” to lower borrowing costs.
Huw Pill said there should be a gradual reduction in interest rates to make sure inflation remains near the Bank’s 2% target.
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