0612 GMT - U.K. inflation looks persistent and will keep the Bank of England from cutting interest rates further, writes Joe Nellis, economic adviser at MHA. The rate of annual inflation climbed to 3.8% in July from 3.6% in June, figures show Wednesday. "Given these underlying pressures, the [BOE's] monetary-policy committee will not, and should not, cut interest rates when it next meets in September," Nellis says. "Inflation will need to show some sign of improving if we are to see any cut at all before the new year."(joshua.kirby@wsj.com; @joshualeokirby)

(END) Dow Jones Newswires

August 20, 2025 02:14 ET (06:14 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.