BOE Rate Rise Looks Less Likely, but Can't be Ruled Out
Dow Jones
Jul 23
1115 GMT - The Bank of England looks less likely to raise interest rates in the coming months, UBS Investment Bank economists say in a note. The U.K.'s sluggish economic growth and weak labor market reduce the need for the BOE to raise interest rates, the economists say. "The Bank can address the risk of second-round effects by keeping rates at the current restrictive level for longer, without hiking them further." However, the prospects of the BOE raising rates can't be ruled out, given rising oil prices and some BOE members' preference for a rate increase, they say. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
July 23, 2026 07:15 ET (11:15 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.