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BOE likely to raise rates further in 2027, Pill tells FT
The Bank of England will probably need to raise interest rates further in 2027, over and above an increase at the next meeting in December, to combat inflation, Bank of England Chief Economist Huw Pill told the Financial Times in an interview published on Saturday. Britain’s central bank raised interest rates to 4% from 3.75% in its November meeting, the first rise since August 2023. Pill told the FT that hike was a “significant step” towards getting monetary policy into a better place, but that “we have further to go.” “My view would be we will see evidence that motivates further rises” ...
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