UK Interest Rates Likely to Rise Again as Bank Warns on Inflation

RecentNews.uk

Bank of England chief economist Huw Pill warns UK interest rates will likely rise again next month and in early 2027.

The base rate was recently increased from 3.75% to 4% to tackle persistent inflation.

An estimated 2.3 million UK homeowners facing mortgage refinancing next year face sharp cost increases.

Financial markets anticipate borrowing costs approaching 5% as policymakers battle second-round inflation effects.

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