BoE’s Pill says the UK growth outlook increases the case for a rate hike, via WSJ interview

Resilient economic growth in the U.K. in the second quarter adds support for the Bank of England to raise rates to combat inflation. GDP data "goes in the direction of reassuring me that we’re not entering a sharp downturn,” But inflation has been well above target, and is expected to rise further this year as higher energy costs feed through into domestic bills. “We’ve had 59 months of data in my time as a member of the MPC, of which three months have been at or below target,” he added. “It matters to me.”