Bank of England seen keeping rates, but tone could turn more hawkish
Market talk says the Bank of England is set to keep interest rates unchanged next week, but policymakers’ tone could become more cautious after renewed Middle East tensions.
While the Bank of England is expected to leave interest rates unchanged next week, UBS economists said the central bank’s tone is likely to turn more cautious after the recent re-escalation of tensions in the Middle East. UBS said higher energy prices are likely to weigh on policymakers’ thinking. The note was cut off before completing the rest of the sentence.