Bank of England's Pill sees "significant" move in November

BY Reuters | ECONOMIC | 09/27/22 09:45 AM EDT

LONDON, Sept 27 (Reuters) - The Bank of England is likely to deliver a "significant policy response" to last week's announcement of tax cuts by finance minister Kwasi Kwarteng but it should wait until its next meeting in November before making its move, BoE Chief Economist Huw Pill said on Tuesday.

"It is hard not to draw conclusion that this will require a significant monetary policy response," Pill told the CEPR Barclays Monetary Policy Forum. (Reporting by David Milliken and Marc Jones Writing by William Schomberg)

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