Bank of England still needs to 'see the job through' on inflation: Pill

Britain's central bank still cannot be sure that it has raised interest rates enough to tame inflation, although significant past tightening should soon bear down on the economy, Bank of England Chief Economist Huw Pill said on Tuesday.

"On balance the onus remains on ensuring enough monetary tightening is delivered to 'see the job through' and sustainably return inflation to target," Pill said in remarks published by the BoE, ahead of a speech he was due to deliver in Geneva.

Pill voted with the majority on the BoE's Monetary Policy Committee last month to raise the BoE's main interest rate to 4.25% from 4%, its 11th rate rise since starting to increase rates in December 2021.