# BoE's Pill: Bank rate to stay on hold or even fall if growth stalls next year

> Bank of England Chief Economist Huw Pill said there is no predetermined path for interest rates from spring onward. He said rates could stay on hold or fall if UK growth stalls, and cited pressure on company margins as a key factor.

- Date: 2026-11-06 · published 2026-11-06T18:16:05.468Z
- Category: macro · region United Kingdom · magnitude low
- Page: https://feedsoft.ai/events/84497-boe-s-pill-bank-rate-to-stay-on-hold-or-even-fall-if-growth-stalls-next-year
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A weaker growth outlook could reduce expectations for UK rate hikes and weigh on sterling. GBP/USD fell after the remarks.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/boes-pill-bank-rate-to-stay-on-hold-or-even-fall-if-growth-stalls-next-year-202611061255

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.