Business

Bank of England's Interest Rate Outlook

Updated 2026-05-18 13:20 UTC 1 source Neutral

The International Monetary Fund suggests the Bank of England may not need to hike interest rates and could even consider cutting them. This comes amid resurgent inflation due to the Iran war.

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CNBC

Bank of England does not need to hike interest rates, says IMF — it may even need to cut

The Bank of England is expected to hold and even potentially hike interest rates this year in response to resurgent inflation sparked by the Iran war.

2026-05-18 13:10 UTC