BoE Holds Rate, But Revised Inflation Forecasts Set Stage for Future Hike

The Bank of England is expected to hold its interest rate at 3.75% on Thursday, July 30th.

This decision may not be as significant for UK homeowners due to remortgage in 2026 as the quarterly Monetary Policy Report, which will contain revised inflation forecasts that can tighten or loosen financial conditions through borrowers' expectations.

The Super Thursday release format combines the rate decision, minutes with the vote split, a quarterly Monetary Policy Report with updated economic projections, and a Governor's press conference.

Markets have priced in approximately a 14% probability of a 25 basis point hike to 4.00% and an 86% probability of a hold.