Huw Pill said he would be open to voting for a larger move than the 0.25 percentage point increases implemented so far if warranted.
The Bank of England's chief economist has hinted at bigger interest rate hikes to come in a bid to tackle soaring inflation.
Speaking at a banking conference, he expressed his"willigness to adopt a faster pace of tightening" but emphasised that this would depend on"the data that we see and my interpretation of it".Mr Pill reiterated theHowever, he also said he preferred a"steady-handed" approach for now, warning that"one-off bold moves" can be"disturbing in terms of their impact on financial markets".
If the Bank lifted rates from 1.25% to 1.75% in August, it would mark the biggest single rise since it gained independence in 1997.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of England tells lenders to prepare for 'deteriorated economic outlook'The Bank of England has told lenders to prepare for a 'deteriorated economic outlook' and predicted that increases in house prices would slow down later this year
Read more »
Belfast One lights up Church Lane and Bank SquareIt's worth a visit the next time you're in the city
Read more »
Flytipper traced after leaving bank statement and phone bill in trashA flytipper was traced and fined by council officers after leaving bank and phone statements showing her home address in a mound of trash.
Read more »
Community rallies round after York food bank theftThieves broke into a storage shed in York and stole the entire stock from a food bank.
Read more »
IBM wins National Savings & Investment bank dealOne of four contracts set to replace Atos arrangement going back 20 years
Read more »
Defence boss urges lending shake-up at European Investment Bank\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »