Bank of England signals rate hikes as inflation threatens 5% rise
Bank of England chief economist Huw Pill indicated likely interest rate increases next month and in early 2027 to combat inflation. He stated, "We have further to go," after the recent rise to 4%. With inflation projected to rise to 5% in spring, millions of homeowners face higher mortgage payments as the economy strengthens.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 14 Nov 2026, 12:05 UTC · Updated 14 Nov 2026, 12:20 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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