Business · 12 hours ago

Bank Of England's Chief Economist Signals More Interest Rate Rises

Katie Chan, CC BY-SA 3.0, via Wikimedia Commons

Huw Pill, the Bank of England's chief economist, says further interest rate rises are likely, probably starting next month and continuing into 2027. Speaking to the Financial Times after rates rose from 3.75% to 4%, he said the Bank still has further to go. Inflation is forecast to hit about 5% next year, putting extra pressure on the millions of homeowners due to remortgage soon.

By BriefTea Editorial · 14 November 2026 at 12:45

Reported by Reuters · How we write briefs

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