Bank of England’s Chief Economist Warns of More Interest Rate Rises

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Huw Pill, chief economist at the Bank of England, told a conference that there is “more to do” on interest rates as the central bank seeks to stop inflation becoming embedded in the economy, The Independent reported.

UK CPI inflation returned to a 40-year high of 10.1% in September on the back of rising food prices and is expected to have risen further in October.

Last week, the Bank of England hiked interest rates from 2.25% to 3%, in its biggest single rise for 33 years.








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