BOE’s Pill: Won't be deflected from monetary policy objectives with fiscal concerns

Bank of England (BOE) Chief Economist Huw Pill said on Wednesday, “we won't be deflected from monetary policy objectives with fiscal concerns.”

Additional quotes

Willing to back more rapid rate hikes than the string of 25 basis point increases imposed so far, if data showed it necessary.

We won't be deflected from monetary policy objectives with fiscal concerns.

Sceptical we know enough about 'R star' natural rate of interest that we can use it in real-time policy.

If we get a reputation for big, sharp moves in bank rate, markets will it as noise.

One-off bold moves can be disturbing to markets.

There is case for steady-handed approach.

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