BRISTOL, England—Bank of England chief economist Huw Pill said the weight of evidence was shifting towards a rise in interest rates next month but that he had not made a decision, and markets would do better to focus on the longer term.
Speaking to reporters at an economics conference in Bristol, Pill also cautioned against the widespread assumption that the BoE’s first policy move would be to raise interest rates by 15 basis points to 0.25 percent, as he was open to other options.
