{
  "id": 14404820,
  "title": "BoE’s Pill says a bit more sceptical about market pricing of four rate hikes over the next year",
  "url": "https://urgent.news/2026/10/14/boes-pill-says-a-bit-more-sceptical-about-market-pricing-of-four-rate",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T06:17:00.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/boes-pill-says-a-bit-more-sceptical-about-market-pricing-of-four-rate-hikes-over-the-next-year-202610140617"
  },
  "original_language": "en",
  "account": "Huw Pill, the Chief Economist at the Bank of England (BoE), expressed a slightly more skeptical view on Wednesday regarding market pricing for four rate hikes over the next year. He noted that the UK's output and labor market have proven to be more resilient than anticipated. Pill stated, \"I am a bit more sceptical about market pricing of four rate hikes over the next year. UK output and labor market have proven more resilient.\" Better forecasts still fail to show runaway growth rates. Even if advancements in artificial intelligence boost the supply side, it is expected to take time for these improvements to have a significant impact. Despite the underlying UK inflation not falling enough before the Iran shock, Pill emphasized that a premature move would suggest the BoE was not holding and hoping. He stressed that it is misguided not to react to uncertainty. To reach the 100 basis points target, Pill believes more concrete evidence of risk is needed. At the time of the speech, the GBP/USD pair was up 0.07% on the day, trading at 1.3264. The FXS Speechtracker scored the speech at 7/10, slightly below Pill's historic average of 7.4/10, indicating a tone that is firm but not exceptionally hawkish. Pill's skepticism about market pricing for four hikes, combined with the emphasis on the UK's resilient output and labor markets, and the acknowledgment that better forecasts still do not show runaway growth, collectively suggest a cautious, mildly hawkish stance rather than a full endorsement of aggressive tightening.",
  "summary": "Bank of England (BoE) Chief Economist Huw Pill said on Wednesday that he is a bit more sceptical about market pricing of four rate hikes over the next year. Pill added that UK output and labor market have proven more resilient.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "City AM",
        "title": "FTSE 100 Live: Stocks to gain; oil rises as Saudi Arabia and Houthis trade strikes",
        "url": "https://urgent.news/2026/10/14/ftse-100-live-stocks-to-gain-oil-rises-as-saudi-arabia-and-houthis",
        "published": "2026-10-14T05:21:40.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "FTSE 100 today: Stocks edge up ahead of U.S. CPI; BoE’s Pill doubts hikes",
        "url": "https://urgent.news/2026/10/14/ftse-100-today-stocks-edge-up-ahead-of-u-s-cpi-boes-pill-doubts-hikes",
        "published": "2026-10-14T07:52:09.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Saudi stocks slip after attack on Aramco building; Gulf markets mixed",
        "url": "https://urgent.news/2026/10/14/saudi-stocks-slip-after-attack-on-aramco-building-gulf-markets-mixed",
        "published": "2026-10-14T08:10:17.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}