BoE’s Pill says need for caution points to a gradual withdrawal of policy restriction

• Bank of England’s Pill says ample reason for caution in assessing the dissipation of inflation persistence.
• Bank of England’s Pill says need for such caution points to a gradual withdrawal of monetary policy restriction.
• BOE’s Pill says further cuts in bank rate remain in prospect but it will be important to guard against the risk of cutting rates either too far or too fast.

This article was written by Arno V Venter at www.forexlive.com.