Advertisement
Singapore markets close in 3 hours 23 minutes
  • Straits Times Index

    3,334.42
    -8.93 (-0.27%)
     
  • Nikkei

    39,522.35
    +180.81 (+0.46%)
     
  • Hang Seng

    17,785.66
    +69.19 (+0.39%)
     
  • FTSE 100

    8,179.68
    -45.65 (-0.55%)
     
  • Bitcoin USD

    61,517.73
    +603.84 (+0.99%)
     
  • CMC Crypto 200

    1,282.26
    +16.12 (+1.27%)
     
  • S&P 500

    5,482.87
    +4.97 (+0.09%)
     
  • Dow

    39,164.06
    +36.26 (+0.09%)
     
  • Nasdaq

    17,858.68
    +53.53 (+0.30%)
     
  • Gold

    2,333.30
    -3.30 (-0.14%)
     
  • Crude Oil

    82.26
    +0.52 (+0.64%)
     
  • 10-Yr Bond

    4.2880
    -0.0280 (-0.65%)
     
  • FTSE Bursa Malaysia

    1,587.90
    +2.96 (+0.19%)
     
  • Jakarta Composite Index

    7,058.62
    +90.67 (+1.30%)
     
  • PSE Index

    6,408.25
    +17.67 (+0.28%)
     

BoE's Pill says rate cut is a question of when not if

LONDON, Feb 5 (Reuters) - Bank of England Chief Economist Huw Pill said on Monday that the question now for most of the central bank's policymakers was when it would be appropriate to cut interest rates, not if.

Pill was among the six members of the Monetary Policy Committee who voted last week to keep interest rates at 5.25%, while two officials voted for a hike and one voted for a cut.

Pill repeated his view that there needed to be further evidence that underlying components of inflation were weakening before he would vote for lower rates. (Reporting by David Milliken; Editing by Alison Williams)