BOE Seen Holding Rates Steady Despite Oil Price Surge
2026-07-27 05:07:46
Economists expect the Bank of England to strike a hawkish tone at this week’s meeting while keeping interest rates unchanged. According to Jin10, they said the global oil price has been pushed back to around $100 a barrel after the collapse of the U.S.-Iran ceasefire agreement, and European natural gas prices have climbed to their highest level since the start of the conflict.
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