PANews April 30 news, the Bank of England maintained the benchmark interest rate at 3.75% for the third consecutive meeting, in line with market expectations. The market continues to bet on the Bank of England raising interest rates, expecting a 73 basis point increase by 2026.

Both Scenario A and Scenario B of the Bank of England predict that oil prices will peak at $108 per barrel. Scenario B forecasts a mild second round effect as energy prices remain high in the long term. Scenario C predicts that the inflation rate will reach a peak of over 6% by early 2027.

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