Interest rates are falling too fast, the Bank of England’s chief economist has warned, sparking fears about its ability to keep inflation down. Huw Pill said quarterly cuts of 0.25 percentage points since last summer were “too rapid” and instead called for more “cautious and gradual” reductions.

The U.K.'s annual rate of inflation jumped further above the Bank of England's target in April as businesses raised their prices in response to higher payroll taxes and increased utility charges, an expected move that will nonetheless reinforce the central bank's caution.

Bank of England Chief Economist Huw Pill said on Tuesday that he was worried that inflation in Britain could prove stronger than expected by the central bank and interest rates might need to stay higher than investors are thinking.

Faster moving payroll data showed that the number of UK employees fell by 33,000 in April, again not indicative that the UK jobs market was facing a cliff-edge moment. The fall in payroll jobs in April was also below the 47,000 monthly contraction recorded in March, which was revised lower from an initial decline of 78,000 in the month.

The Bank of England is cutting its main interest rate by a quarter of a percentage point to 4.25% amid concerns over the potential shock to global growth emanating from the tariff policies of the Trump administration LONDON -- The Bank of England cut its ...

The Bank of England will start talking to players in the financial services industry about possible reforms to make sure the gilt repo market is resilient, BoE Deputy Governor Sarah Breeden said on Wednesday.

The Bank of England has trimmed its base lending rate from 4.5% to 4.25% in a bid to counteract a potential slowdown as the global economy adjusts to US President Trump’s imposition of swingeing ...