BoE to Hold at 3.75% Amid Rising Energy Risks – Rabobank

Rabobank's Stefan Koopman predicts the Bank of England will hold its Bank Rate at 3.75% at the 30 July meeting and maintain that level through 2026. The view is based on growing energy-related inflationary pressures that limit the scope for easing.

While markets still price some chance of further rate moves, Koopman argues that the BoE will remain cautious. The outlook contrasts with earlier expectations of a more accommodative stance, as energy risks add uncertainty to the inflation trajectory.