UBS Global Research strategists said the Bank of England may keep its policy rate unchanged at 3.75% for the rest of 2026.
According to Jin10, the strategists wrote in a report that maintaining rates at the current restrictive level would allow the central bank to respond to any second-round effects that could arise from inflation.
They added that the likelihood of the Bank of England raising rates appeared low, citing a weak starting point for the economy, including the labor market.
UBS said it still expected the next policy move to be rate cuts in February 2027 and April 2027.
UBS Expects Bank of England to Hold Rates at 3.75% Through 2026
2026-06-30 12:57:52
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