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July inflation keeps BoE on course to hold rates in September
Due to July inflation, the Bank of England (BoE) remains positioned to hold rates in September. The upward movement noted in the headline index was reported to be driven by an expected energy price cap reset.
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Adjacent reporting
- BoE expected to hold rates despite jump in oil prices
- UK inflation accelerated to 2.9% in July amid Middle East energy shock
- Traders see September rate hike as European Central Bank mulls energy price spike
- Eurozone inflation rises to 2.9% in July
- Bank of England to raise rates this year if energy prices stay high