Richard Carter: The Bank of England is expected to keep interest rates unchanged, with focus on the Middle East situation
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According to Golden Ten Data on July 22, Richard Carter from Quilter Cheviot stated that the Bank of England is expected to keep interest rates unchanged at 3.75%, while waiting for clear signs of the impact from the Middle Eastern conflict. The UK inflation rate fell to 2.6% in June. Richard Carter indicated that there is still a possibility that the situation in the Middle East could erupt into a full-scale conflict again, which would put pressure on the inflation rate. Currently, the market expects the Bank of England to raise interest rates by a total of 40 basis points in 2026.
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