Some further increase in Bank Rate may turn out to be appropriate, but nothing is decided." Pill’s comments come a day after Bank of England governor Andrew Bailey gave a speech in which he emphasised that "nothing is decided" yet by the BoE monetary policy committee about interest rates.īailey said: "At this stage, I would caution against suggesting either that we are done with increasing Bank Rate, or that we will inevitably need to do more. "Survey indicators that have become available since the publication of the forecast have surprised to the upside, suggesting that the current momentum in economic activity may be slightly stronger than anticipated," Pill said in notes released by the BoE, according to Reuters.
3.45pm: Bitter Pill to swallowīritain's economy is showing slightly more momentum than expected, and pay growth is proving a bit faster than the central bank forecast last month, Bank of England chief economist Huw Pill said. The FTSE 100 scratched up another positive finish on Thursday, closing out the session up 29 points or 0.37% higher at 7,944.Ī strong end to the week could, from here, potentially see the bluechip benchmark press back towards the 8,000 marker.
ITV weak as warns on ad revenues, profits fallĤ:40pm: FTSE 100 notches another day in plus territory.Wall Street mixed ahead of jobs report on Friday.
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