BOE’s Key Rate Is Too Low, But Answer Is Not A Rise, Says Chief Economist

Friday, February 13, 2026 at 1:26 PM

Bank Of England Inflation Interest Rates UK Economy

Bank of England Chief Economist Huw Pill stated that while U.K. consumer-price inflation is decreasing, it is not declining as quickly as anticipated.

He emphasized that inflation could be managed without increasing borrowing costs.

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U.K. Inflation Slowed in January

The reading increases the chances of a rate cut by the Bank of England when policymakers next meet in March.

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ECB Unlikely to React to Short-Lived Slowdown in Inflation, Nagel Says

A short-lived decline in inflation that takes it below target is unlikely to prompt action by the European Central Bank, Bundesbank President Joachim Nagel said in a speech at the Karlsruhe Institute of Technology.

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Reserve Bank of Australia Will Do Whatever It Takes to Lower Inflation, Deputy Gov Says

The Reserve Bank of Australia sees the country’s inflation rate as too high and will take all necessary measures to bring it under control, a top central bank official said.

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Fed officials signaled little appetite for reducing interest rates at January’s meeting, with most indicating they wanted to see further progress on inflation before considering more cuts

Some officials favored more neutral language—pushing back against the prospect of reducing interest rates.

BOE’s Key Rate Is Too Low, But Answer Is Not A Rise, Says Chief Economist

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U.K. Inflation Slowed in January

ECB Unlikely to React to Short-Lived Slowdown in Inflation, Nagel Says

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Fed officials signaled little appetite for reducing interest rates at January’s meeting, with most indicating they wanted to see further progress on inflation before considering more cuts

BOE’s Key Rate Is Too Low, But Answer Is Not A Rise, Says Chief Economist

Related Articles

U.K. Inflation Slowed in January

ECB Unlikely to React to Short-Lived Slowdown in Inflation, Nagel Says

Reserve Bank of Australia Will Do Whatever It Takes to Lower Inflation, Deputy Gov Says

Fed officials signaled little appetite for reducing interest rates at January’s meeting, with most indicating they wanted to see further progress on inflation before considering more cuts