Business · 26 July 2026
Bank of England expected to keep interest rates at 3.75% on Thursday
Renewed conflict in the Middle East has pushed Brent crude oil to almost $100 a barrel, complicating the upcoming decision. Financial analysts anticipate a divided vote from the Monetary Policy Committee, as some members worry about the impact of higher energy bills. Although UK inflation dropped to 2.6% in June, economists warn those rising fuel costs could push it back to 3.5%.
Reported by City AM · How we write briefs