BoE Pill doubts market pricing for four rate hikes
Bank of England Chief Economist Huw Pill expressed skepticism regarding market expectations for four interest rate hikes over the coming year. While persistent inflation risks remain from the Gulf conflict, policy views within the central bank have begun to converge.
Bank of England Chief Economist Huw Pill expressed skepticism on Wednesday regarding market expectations for four quarter-point interest rate hikes over the coming year. The central bank official challenged aggressive monetary tightening bets during an event organized by Citi on the sidelines of IMF meetings in Bangkok. Investors are pricing the chance of a quarter-point rate hike by the Monetary Policy Committee at its November meeting as a near certainty, followed by three more increases through September 2027.
