BOE Holds Rates in Split Vote as War Clouds Inflation Outlook


In a more pessimistic scenario, which included crude prices over $100 a barrel and remaining elevated, with gas 60% higher, the bank predicted inflation could jump to a high of 4.5% in the second quarter of 2027. In the event of a quicker resolution to the conflict in the Middle East, the more optimistic projection showed price growth peaking at 3%, with fewer second-round effects.



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