1407 GMT - The majority of the Bank of England rate-setters will prefer to wait at next week's meeting, given uncertainty in the Middle East, limited signs of second-round effects, and soft activity data, say HSBC economists Elizabeth Martins and Emma Wilks. If policymakers were hoping that clarity would emerge between its April and June meetings, then they will have been disappointed, they say in a note. Surveys point to worryingly broad price pressures, with firms expecting to respond with a mix of margin compression and price rises. However, wage expectations are currently contained so far, the economists say. If a quarter-point hike in July is a possibility then there could be signals toward it in the June meeting's accompanying statement, they add. (edward.frankl@wsj.com)
(END) Dow Jones Newswires
June 08, 2026 10:08 ET (14:08 GMT)
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