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Story summary
- The Bank of England will keep the Bank Rate at 3.75% through 2026 and mid-2027.
- Higher energy prices from the U.S.–Israeli war on Iran may postpone UK rate cuts until late 2027.
- Financial markets price three rate hikes through mid-2027, starting in November.
- Inflation was reported at 2.9%, above the Bank’s 2% target.
- The poll expects inflation to average 3.1% in 2026.
