BoE to Hold Interest Rate Amid Easing Inflation Outlook

A Reuters poll of 70 economists reveals that the Bank of England (BoE) is expected to maintain its interest rate at 3.75% during its upcoming monetary policy meeting on July 30.

This prediction comes after economists revised down their inflation forecast, anticipating an average of 3.1% in 2026, down from 3.3% previously estimated.

The UK economy is expected to expand by 1% this year, according to the median forecast, with no changes anticipated in interest rates through the middle of next year.