BOE Could Avoid Sharp Rate Rises if Energy Prices Recede
Dow Jones10-12
1357 GMT - The Bank of England could avoid rapid interest-rate rises over the coming months if energy prices pull back significantly from current levels, AJ Bell's Russ Mould says in a note. Investors expect a 91% chance of a BOE interest-rate increase at the next meeting in November, and three more rate hikes by July 2027, LSEG data show. News about the U.S. deal with Russia to supply diesel caused oil prices to fall marginally in early Monday trade before turning higher again, with Brent crude last up 2.1% to $106.90 a barrel.
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