The Bank of England (BoE) has revised its Q3 2025 inflation forecast upward from 2.8% to 3.7%, citing concerns over rising energy prices and UK service sector inflation, according to Jinshi Data.
As inflationary pressures mount, market expectations for BoE rate cuts in 2025 have dropped from 66 basis points to 55 basis points in just a week, reflecting growing uncertainty over the central bank’s future monetary policy stance.