Interest rate rises likely in coming months, Bank of England’s chief economist says
‘We have further to go,’ says Huw Pill after increase to 4% last month as Bank seeks to tackle rising inflationThe Bank of England will probably need to raise interest rates next month and again in early 2027 to combat…
By · November 14, 2026 · 1 min read
This article was originally published by
The Guardian World
and is republished here under license.
‘We have further to go,’ says Huw Pill after increase to 4% last month as Bank seeks to tackle rising inflation
The Bank of England will probably need to raise interest rates next month and again in early 2027 to combat rising inflation, its chief economist has said.
Signalling a sharp rise in mortgage payments for an estimated 2.3 million homeowners who will have to refinance their loans next year, Huw Pill said that while the decision to nudge interest rates from 3.75% to 4% earlier this month was a “significant step” towards getting monetary policy into a better place, “we have further to go”.
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