BOE to Keep Rates Unchanged as Uncertainty Digs In -- Market Talk

Dow Jones06-08

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)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment