Barclays expects Bank of England to raise Bank Rate in November
Barclays says its call changed: it now expects the Bank of England to raise Bank Rate by 25bp at the November meeting, with a further 25bp in February 2027, conditional on continued Middle East conflict.
75% at its September meeting. Barclays now expects the MPC to raise Bank Rate by 25bp at its November meeting and, if the Middle East conflict continues, by another 25bp in February 2027.