Bank of England May Raise Rates by 25 Basis Points in July, Nomura Says; Odds at 34%

According to Nomura Securities, the Bank of England may raise rates by 25 basis points in July to prevent second-round inflation effects. The bank is expected to resume rate cuts starting in 2027 as inflation risks weaken, Nomura analysts said in a report on June 12. Market data from LSEG shows investors estimate a 34% probability of a July rate hike.
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