traders work on the trading floor of barclays bank at canary wharf in london britain december 7 2018 reuterssimon dawsonfile photo london july 6 reuters  bank of england chief economist huw pill on wednesday warned against raising interest rates in big bold steps and reiterated his preference for a more steadyhanded approach oneoff bold moves can  be disturbing in terms of their impact on financial markets pill told an audience following a speech to the qatar centre for global banking and finance 2022 conference at kings college london he said the boe should avoid gaining a reputation for jerking around bank rate in response to shortterm economic news as investors would view this as noise that would disrupt the transmission of monetary policy