BOE Less Likely to Raise Rates More Than Once in 2026 -- Market Talk
Dow Jones05-20 18:20
1020 GMT - The Bank of England is unlikely to increase interest rates more than once this year after weaker-than-expected U.K. inflation data and jobs data released this week, Ebury's Matthew Ryan says in a note. "The job market slack should act as a natural brake on second-round inflation effects." Elevated gilt yields are also "acting to tighten financial conditions, and adding aggressive hikes into the mix would risk overkill", Ryan says. Ebury says one BOE interest rate rise is possible in the summer. Investors fully price in two quarter-point BOE rate rises in 2026, LSEG data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
May 20, 2026 06:20 ET (10:20 GMT)
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