Claims extracted
19
sentences that state something as happening or true
Uncertain
16%
3 of 19 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
64/100
Daily Mail's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
The Bank of England’s leading interest rate 'hawk' has played down fears that there will be a succession of hikes over the coming year.
asserted
hawk → play → year
In a boost for mortgage borrowers fearing costs could spiral even higher, the Bank's chief economist Huw Pill said he was ‘sceptical’ of market expectations for four rate increases by the end of 2027.
uncertain
he → fear → 2027
Pill has previously broken with the majority of Bank of England’s Monetary Policy Committee (MPC) by voting for a rate hike at its last four meetings.
asserted
Pill → break → meetings
Rates have been left at 3.75 per cent – leaving the Bank as the only major central bank not to raise them this year in the face of mounting inflation pressures.
asserted
Rates → leave → pressures
Pill is widely expected to get his way next month amid a steady drum beat of MPC members indicating that they are likely to vote for a rise.
asserted
they → expect → rise
Yet he has now cast doubt on financial market pricing which points to a further series of increases to take Bank rate to 4.75 per cent by the end of next year.
asserted
which → cast → year
Bank of England chief economist Huw Pill said he was ‘sceptical’ of market expectations
Speaking at an event organised by US bank Citi on the sidelines of the International Monetary Fund meetings in Bangkok, Pill said: ‘Is it obvious that we will need to move, follow market pricing to four 25 basis-point hikes and so forth?
asserted
we → say → hikes
Pill said the Bank does need to get into ‘the right position’, adding: ‘That is something that probably is increasingly obvious now.
asserted
that → say → position
Pressure for a rate hike is building as the Iran war continues to push prices higher, with oil at over $100 a barrel and annual UK energy bills set to soar past £2,000 from January.
asserted
bills → build → January
The Bank expects that will drive inflation above 4 per cent yet has continued to hold off on rate increases – even as the US Federal Reserve and the European Central Bank go for hikes.
asserted
Reserve → expect → hikes
Until now the majority of the MPC have judged that inflation pressures have remained subdued enough not to raise rates.
asserted
pressures → judge → rates
They have taken a wait-and-see approach to whether the price shock caused by the war feeds through to wider price and wage setting in the economy.
asserted
shock → take → economy
However, the Bank’s governor Andrew Bailey this week acknowledged how the continued Middle East conflict could change the picture, saying ‘the longer this goes on, the harder it gets’.
uncertain
it → acknowledge → picture
Pill’s comments highlight the sharp discrepancy between market expectations about rate hikes and those of MPC members and other experts.
asserted
comments → highlight → members
The difference has been attributed to the way markets mathematically price possible risk versus the way economists look for the most likely outcome.
asserted
economists → attribute → outcome
Market pricing has a painful real world impact on borrowers as it determines the rates at which lenders set mortgages – which are based on the predicted path of interest rates rather than where they stand at present.
asserted
they → have → present
If you take out a product This is Money may earn a commission.
uncertain
Money → take → commission
These deals are chosen by our editorial team, as we think they are worth highlighting.
asserted
they → choose → team
This does not affect our editorial independence.
asserted
This → affect → independence
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