Economy

Interest rate rises likely in coming months, Bank of England’s chief economist says

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 14/11/2026, 12:35:24 UTC.

Briefings

Bank of England chief economist Huw Pill predicts further interest rate increases in November 2026 and early 2027 to combat inflation. This decision signals a sharp rise in mortgage payments for approximately 2.3 million homeowners requiring refinancing next year, with the current rate increase from 3.75% to 4% described as a significant but incomplete step toward better monetary policy.

Key points

• Huw Pill predicts the Bank of England will raise interest rates in November 2026 and again in early 2027 to combat rising inflation.
• The decision to increase rates from 3.75% to 4% earlier this month was described as a 'significant step' but Huw Pill stated 'we have further to go'.

Context

Huw Pill, Bank of England's chief economist, stated that while the recent rate increase was a significant step, the Bank will likely need to raise rates again soon to tackle inflation.

Limitations

Evidence is limited to Huw Pill's statement predicting future rate hikes and the specific impact on 2.3 million homeowners; no data on inflation trends, economic forecasts, or other policy details is provided.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 14/11/2026, 12:36:53 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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