BRISTOL, England—Bank of England chief economist Huw Pill said the weight of evidence was shifting towards a rise in interest rates next month but that he had not made a decision, and markets would do better to focus on the longer term. Speaking to reporters at an economics conference in Bristol, Pill also cautioned against the widespread assumption that the BoE’s first policy move would be to raise interest rates by 15 basis points to 0.25 percent, as he was open to other options. The BoE wrong-footed many investors this month when it did not lift interest rates from their record low 0.1 percent, following comments from Governor Andrew Bailey in late October which markets interpreted as a signal that a rate rise was very near. Since then, inflation has risen to a 10-year high of 4.2 percent and jobless data has not pointed towards higher unemployment after the end …