The Bank of England next meets on August 4.

Reuters have polled economists on what they expect:

  • 29 of 54 said the BoE will hike by to 25 basis points, to 1.5%
  • the remaining 25 forecast 50 basis points

The BoE are eyeing four-decade-high inflation, driven in large part by global pressures related to supply-chain disruptions and high energy prices.

BOE Bailey

Bank of England Governor Bailey