# BoE boss warns Britain faces 3 more rate hikes - but rules out repeat of 2022

> Bank of England chief economist Huw Pill said markets are pricing in three further rate increases after the Bank raised its base rate to 4%. He said the energy shock is smaller than in 2022, while Governor Andrew Bailey said further hikes are not inevitable and will depend on whether energy costs feed through to wages and prices.

- Date: 2026-11-07 · published 2026-11-08T06:09:34.041Z
- Category: macro · region United Kingdom · magnitude low
- Page: https://feedsoft.ai/events/87041-boe-boss-warns-britain-faces-3-more-rate-hikes-but-rules-out-repeat-of-2022
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expectations of further rate increases may support sterling and tighten financing conditions, with indirect effects on feed demand and input costs. The outlook remains tied to energy prices and evidence of second-round inflation effects.

## Sources

- thesun.co.uk: https://www.thesun.co.uk/money/40942107/bank-boss-warns-rate-hikes/

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