Investors Raise Expectations of BOE Rate Hike in 2026
Dow Jones
Aug 18
0857 GMT - Markets raise their bets on the possibility of the Bank of England increasing interest rates in 2026. The extended U.S.-Iran war is raising concerns about a prolonged energy supply shock contributing to high global inflation. "Higher oil prices feed into headline [inflation] through gasoline and energy costs, but the bigger issue is second-round risk," Tickmill Group's Patrick Munnelly says in a note. Investors price in a total of 30 basis points of BOE rate rises in 2026, up 5 basis points from last week's pricing, LSEG data show.
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