Bank of England chief economist signals likely interest rate increases to tackle rising inflation
🤖 AI-generated content — The title and summary were produced automatically by artificial intelligence, without human editorial review.
Bank of England chief economist Huw Pill has stated that further interest rate rises will likely be needed next month and in early 2027 to combat rising inflation, which is expected to reach 5% next spring. The policy trajectory threatens higher mortgage payments for an estimated 2.3 million homeowners refinancing next year, following an increase from 3.75% to 4% earlier this month.
Continue in the app — vote & join in ➔Source: The Guardian World · via ahirlevel.hu