LONDON DAILY ARCHIVE

Bank of England Faces Persistent Inflation Pressure as Rate Cut Expectations Fade

Analysts say the Bank of England’s Monetary Policy Committee is under growing pressure to keep interest rates at 3.75% for the remainder of the year, as persistent inflation risks and sensitivity to global energy prices reduce expectations of near-term rate cuts and keep borrowing costs elevated.

03 July 2026 · 22:00 UTC