BOE Chief Economist Warns on Being ‘Seduced’ by Inflation Data

Bank of England Chief Economist Huw Pill warned about the risk of being “seduced” by some measures of inflation that show a slowdown before more persistent pressures on prices are in check.

The official, who voted with the majority of the nine-member Monetary Policy Committee to leave interest rates at a 16-year high on Thursday, said officials are focused on underlying measures of prices.