BOE Members Could Signal Possible Rate Rise as Oil Prices Climb
Dow Jones
Jul 13
1109 GMT - The Bank of England monetary policy committee members could signal a preference for an interest-rate increase in the coming months given rising oil prices, Barclays analysts say in a note. The U.S. struck Iranian targets over the weekend and Iran launched strikes on ships passing through the Strait of Hormuz. "We think the increased tensions in the Middle East and rise in oil prices this week will keep the risk of a further inflationary impulse forefront in the minds of MPC members," they say. Markets fully price in one quarter-point BOE rate increase in 2026, and a 28% chance of a second rate increase by year-end, LSEG data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
July 13, 2026 07:09 ET (11:09 GMT)
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