Bank of England's Pill: Does not want to give a steer that first BOE tightening will be 15 basis point move

BOE Huw Pill

• Does not want to give a steer that the first BOE tightening will be 15 basis point move
• There is an attraction to getting the level rates back to 25 basis point increments
• On back of recent data burden of proof is on those not wanting to raise rates