BoE Chief Economist Huw Pill warns underlying inflation is settling at 2.5 percent
Huw Pill warns that underlying inflation remains above target at 2.5 percent. He maintains that interest rates must stay steady to contain price pressures.
Insights:
Bank of England Chief Economist Huw Pill stated on February 13, 2026, that underlying inflation in Britain 
GB is settling at approximately 2.5% a year, a level that remains above the Bank of England's 2% target. This assessment is significant as it indicates the central bank views inflation as persistently exceeding its target, a factor directly relevant to recent interest-rate decisions and ongoing policy deliberations.
GB is settling at approximately 2.5% a year, a level that remains above the Bank of England's 2% target. This assessment is significant as it indicates the central bank views inflation as persistently exceeding its target, a factor directly relevant to recent interest-rate decisions and ongoing policy deliberations.
