Newsflash: The chief economist of the Bank of England has warned against cutting interest rates \u201ctoo far or too fast\u201d, a day after his boss signalled that the BoE could take a \u201cmore aggressive\u201d position.<\/strong><\/p>\n Huw<\/strong> Pill<\/strong> has told the Institute of Chartered Accountants for England and Wales<\/strong> this morning that there is \u201cample reason for caution\u201d in assessing how far inflationary pressures have dissipated, and thus how quickly borrowing costs should fall.<\/p>\n