U.K.'s Weak Growth Outlook Lowers Possibility of BOE Rate Rise
Dow Jones
Jul 30
0932 GMT - The U.K. faces fragile economic growth, which reduces the prospects of the Bank of England increasing interest rates in the coming months, CG Asset Management's Emma Moriarty says in a note. Markets widely expect the BOE to keep rates unchanged at 3.75% when it announces a rate decision at 1100 GMT. Given high oil prices due to the Middle East conflict and rising inflation concerns, investors currently fully price in a quarter-point BOE rate increase in November, LSEG data show.
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