Interest rate rises likely in coming months, Bank of England’s chief economist says

‘We have further to go,’ says Huw Pill after increase to 4% last month as Bank seeks to tackle rising inflationThe Bank of England will probably need to raise interest rates next month and again in early 2027 to combat rising inflation, its chief economist has said.Signalling a sharp rise in mortgage payments for an estimated 2.3 million homeowners who…