J.P. Morgan says BoE right to hold rates as inflation stays stubbornly high
J.P. She cautioned that household inflation expectations are rising, raising the risk of renewed price pressures.
Looking ahead, Nokes warned that the balance of risks could shift in 2026 if the UK government unveils large near-term tax hikes in the Autumn Budget, but said that until inflation shows “more meaningful progress” toward the 2 per cent target, the BoE must remain highly cautious about cutting rates
BoE made “right call” to hold rates, says J.P. Morgan
