Reuters · October 15, 2026

Bank of England Chief Economist Huw Pill Says a Future Rate Increase Need Not Be the Start of a Long Series

• Bank of England Chief Economist Huw Pill said on Thursday, during a panel discussion in Bangkok, that a future interest rate increase should not be interpreted by investors as the start of a long series of increases, according to the report.
• Pill has voted for higher rates since April, and on Wednesday he pushed back against financial market bets for four rate rises over the next 12 months, according to the report.
• The Bank of England has kept rates on hold since February, according to the report.

Statements attributed to Huw Pill as reported. Original headline: "BoE's Pill says a rate hike need not be start of long series".