According to a report by Jin Shi Data, the Chief Economist of the Bank of England, Pill, warned that the Bank of England may need to slow down its pace of interest rate cuts, which occur once a quarter, as rising inflation could change the behavior of households and businesses. Pill opposed the Bank of England's decision to cut rates by 25 basis points on Thursday, pointing out the impact of rising food prices on household expectations. He stated that the increasing risk of inflation may lead us to question whether the pace of cutting rates by 0.25 basis points every quarter over the past year is sustainable.