Investors Raise BOE Rate Hike Bets as Oil Prices Advance

Dow Jones07-14 17:24

0924 GMT - Markets increase their expectations of the Bank of England raising interest rates due to a jump in oil prices as the Middle East conflict intensifies. The U.S. continued attacks on Iranian sites while Iran said it struck oil tankers on the Strait of Hormuz. "Surging oil prices reignited inflation and rate hike concerns," Saxo analysts say in a note. Markets price in a total of 45 basis points of BOE interest rate increase in 2026, 18bps higher than last week's pricing, LSEG data show. (miriam.mukuru@wsj.com)

 

(END) Dow Jones Newswires

July 14, 2026 05:24 ET (09:24 GMT)

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