The Bank of England is poised to maintain its base interest rate at 3.75% for a fifth consecutive meeting, according to consensus forecasts from economists.
The decision would keep borrowing costs at their lowest level since February 2023, as policymakers navigate a complex landscape of global political and economic uncertainty.
Markets have largely priced in the hold, with sterling and gilt yields showing limited volatility ahead of the announcement.
The stability in pricing reflects the broad agreement among analysts that the Monetary Policy Committee (MPC) will prioritize caution over action in the near term.
This pause allows the central bank to assess the lagged effects of previous tightening cycles on inflation and growth.
The upcoming policy meeting on August 6 will be closely watched for any shifts in the MPC’s forward guidance or inflation projections.