Barclays Predicts UK Rate Hikes in Nov and Feb

Barclays Bank expects the Bank of England to raise interest rates by 25 basis points in November and February 2027, after keeping them steady at 3.75% in September. This projection arises due to escalating inflation risks, especially with rising energy prices and the deteriorating geopolitical situation in the Middle East, where inflation is expected to exceed 4% in the first quarter of 2027. Bank experts also indicated the possibility that a "second round" of inflation could cause further deterioration if energy prices remain high, stressing that ongoing conflicts in the Middle East may require a more tightening monetary policy, particularly if the crisis is not resolved soon.

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