Bank of England boss warns homeowners face THREE more rate hikes – but rules out repeat of 2022
By Saghir Hussain ·
The BoE boss has just told us exactly what's coming for the average homeowner: three more interest rate hikes, and no sign of a return to the 2022 frenzy.
I've been reading the piece from The Sun yesterday, and it's clear the Bank of England's chief economist Huw Pill isn't just talking about numbers on a spreadsheet. He's warning that millions of British families are about to feel the pinch as mortgage costs climb again. And here's the thing that gets me — he's ruling out a repeat of 2022, which was when rates were pushed up so hard that people were left scrambling.
The three hikes that are coming
Pill's warning is based on market pricing. The markets have been doing their job, and they're pricing in three more rate increases. That means higher mortgage payments for everyone with a