🔴 Chief Bank of England economist signals there will be a significant interest rate rise to come
today signalled he thinks rates will have to go up after the mini-Budget market turmoil has left the housing market in chaos.
Pill, who sits on the Monetary Policy Committee , which sets interest rates, said in response: “It is hard not to draw the conclusion that all this will require a significant monetary policy response.”to interest rates when the MPC meet again on 3 November. Some investors and economists have said the British central bank should hold an emergency meeting now to agree on a big interest rate hike to counter the inflationary impact of the fall in the pound.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank will 'not hesitate' to raise interest rates after pound's fallA weak pound makes it more expensive to buy imported goods and risks pushing up the rising cost of living even further.
Read more »
Bank of England says it will “not hesitate” to change interest rates if needs beBank of England says it will “not hesitate” to change interest rates if needs be 🔴 The Governor, Andrew Bailey, said the Bank is monitoring developments in financial markets” very closely”
Read more »
Pound sterling: Bank of England says it won't hesitate to raise interest rates - BBC News“The Labour party now has got its act together” Labour peer Peter Mandelson says the Conservatives have “thrown away” their reputation for fiscal discipline, and Labour can capitalise on this Newsnight
Read more »