[Bank of England Chief Economist: Central Bank Faces Risk of Being Forced to Fund Fiscal Deficits] Jin10 News, September 4 – The Chief Economist of the Bank of England stated that the greatest threat to the central bank's independence is the government pushing the central bank to step in and finance massive fiscal deficits. Bank of England Chief Economist Huw Pill noted that slowing economic growth and a series of supply shocks have led to an expansion of global fiscal deficits and rising levels of public debt. Financing these fiscal deficits through the central bank could raise doubts in the market about the central bank's independence.