BOE likely to raise rates further in 2027, Pill says
TLT•Bank of England Chief Economist Huw Pill said the central bank will probably need to raise interest rates further in 2027, on top of an increase in December, to combat inflation.
1. Further rate rises likely
Pill said the Bank of England will probably need to raise rates further in 2027, in addition to a December increase, citing risks of second-round effects from elevated energy costs. “We will do what is necessary to get inflation back to 2% through time,” he said.
