Published by Global Banking & Finance Review®
Posted on September 23, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleBoE's Huw Pill supports faster bond sales, believing markets are resilient. He voted against slowing quantitative tightening, trusting other tools for market stability.
(Reuters) -Bank of England Chief Economist Huw Pill said on Tuesday that he voted last week against a slowdown in the pace of the central bank's reduction of its government bond stockpile in part because the BoE has other tools to address problems in financial markets.
"I was essentially a dissenter in summary because I put a higher weight on the need to get out of the QE portfolio a little bit quicker, and I have greater faith that market functioning is perhaps a bit more strong than others," Pill said in a discussion organised by the Pictet Research Institute.
"I do think we have other tools in order to address concerns about market functioning."
Pill last week voted with the majority of BoE policymakers to keep interest rates at 4% but he cast a lone vote against a decision to slow the pace of quantitative tightening.
(Reporting by William Schomberg; Editing by Kate Holton)
Huw Pill voted against a decision to slow the pace of quantitative tightening.
Pill believes that reducing the QE portfolio quicker would not stress the markets.
The Bank of England has kept interest rates at 4%.
Pill stated that the Bank has other tools to address concerns about market functioning.
Pill expressed greater faith that market functioning is perhaps a bit more resilient than others believe.
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