Markets Cut Back BOE Rate Rise Expectations as Oil Prices Fall

Dow Jones
Jul 28

0854 GMT - Investors lower their expectations of the Bank of England raising interest rates in the coming months as oil prices retreat. The price of Brent crude oil falls 3.6% to $85.17 as negotiations aimed at resolving the Middle East conflict resume, easing market concerns about high energy prices pushing up inflation. Markets currently price in a total of 35 basis points of BOE rate increases in 2026, 12 basis points down from last week's pricing, LSEG data show. (miriam.mukuru@wsj.com)

 

(END) Dow Jones Newswires

July 28, 2026 04:54 ET (08:54 GMT)

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