BoE chief economist defends inflation forecast record

Pill has written to the Treasury Select Committee

Elliot Gulliver-Needham
clock • 2 min read
BoE chief economist Huw Pill. Credit: Bank of England
Image:

BoE chief economist Huw Pill. Credit: Bank of England

The Bank of England should continue to rely on economic modelling when making monetary policy decisions, Bank of England (BoE) chief economist Huw Pill has argued.

Writing to Harriet Baldwin, chair of the Treasury Select Committee (TSC), Pill defended the use of forecasts in the monetary policy process, arguing they "help to develop a narrative for the evolut...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Mercer acquires SECOR, BAE Systems reports £800m pension surplus, TPR blog

Professional Pensions
clock 21 February 2025 • 1 min read
Pension funds set to boost scenario modelling spending, survey finds

Pension funds set to boost scenario modelling spending, survey finds

Survey finds most fund executives likely to up contributions as increasing risks predicted

Holly Roach
clock 20 February 2025 • 1 min read
Torsten Bell sets out pension challenges and solutions in paperback edition of book

Torsten Bell sets out pension challenges and solutions in paperback edition of book

Calls to enable more active ownership of UK shares and to increase AE minimums

Jonathan Stapleton
clock 20 February 2025 • 4 min read
Trustpilot