UK inflation not falling as rapidly as hoped, says BOE’s Pill in World Economy News 14/02/2026 Bank of England Chief Economist Huw Pill said Friday that U.K. consumer-price inflation is falling, but not at the pace officials had hoped for. “Progress with disinflation is ongoing, but it’s not quite as rapid as we might have hoped,” Pill stated. The central bank kept its key interest rate unchanged last week, while forecasting inflation would approach its 2% target by April. Pill noted that much of the expected decline in inflation stems from government measures to reduce energy prices rather than from underlying economic factors. Pill has consistently supported higher interest rates compared to many of his colleagues during recent Bank of England Monetary Policy Committee meetings. In the most recent decision, he was among the five members who voted to maintain current rates, while four committee members favored implementing another rate cut. Source: Investing.com 2026-02-14 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share