March 17 (Reuters) – J.P. Morgan now expects the Bank of England to keep interest rates unchanged throughout 2026, abandoning its earlier forecast for two quarter-point cuts in April and June after lifting UK inflation projections sharply.
The brokerage said on Tuesday the BoE is likely to enter an “extended pause” as higher gas prices delay the return of inflation to target, and expects the next rate cut only in the first quarter of 2027.
(Reporting by Rashika Singh in Bengaluru; Editing by Mrigank Dhaniwala)
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