Preview: BoE on Hold in July, Amid Increased Inflationary Pressures

In this paper, we discuss:

• Why the BoE is expected to keep interest rates unchanged despite rising inflationary pressures;
• How easing domestic inflation and a softer labour market support a prolonged policy pause;
• How the BoE is balancing slowing economic growth against the risk of renewed inflation driven by energy prices;
• How persistent inflation, elevated borrowing costs, and geopolitical uncertainty continue to shape the UK’s monetary and fiscal outlook.

Download PDF: BOE Preview – July 2026