Bank of England Rate-Hike Bets Rise as Oil Prices Surge
2026-07-23 08:10:21
Market expectations for Bank of England rate hikes in 2026 have increased as oil prices rise and inflation concerns build. According to Jin10, escalating conflict in the Middle East has led investors to expect inflation may stay elevated, while the central bank may raise rates to counter inflationary pressure. Markets are now fully pricing in a 25-basis-point Bank of England hike in November, with a 93% chance of another hike in December. Last week, markets expected a total of 38 basis points of rate increases from the Bank of England in 2026.
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