BoE’s Pill Questions Market Pricing of Four Rate Hikes
Bank of England Chief Economist Huw Pill said he was more sceptical about market pricing for four rate increases over the next year. Pill has voted for a quarter-point rate hike in recent months.
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08:00:57 AM UTC
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Yields on U.K. government bonds, or gilts, fall after Bank of England Chief Economist Huw Pill expressed doubt that the four quarter-point interest-rate hikes that markets are pricing in will be needed to contain inflation. Money markets price more than 100 basis points of rate hikes over the next…
"Is it obvious that we will need to move, follow market pr…