Why a Bank of England Rate Hike in July Is Still on the Table

While a June rate hike from the Bank of England is unlikely due to lower oil prices, a July hike remains possible if energy supply disruptions in the Strait of Hormuz persist.

Key Takeaways

• 1.A Bank of England rate hike in June is now considered unlikely due to falling oil prices and softening economic data.
• 2.A rate hike remains a possibility for July, contingent on the status of energy flows through the Strait of Hormuz.

Table of Contents

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