Bank of England holds at 3.75%, Barclays sees hikes in November and February
- —The rate was held at 3.75%, with three MPC members voting for an immediate hike
- —The BoE expects inflation above 4% in early 2027 versus its previous 3.2% peak
- —Barclays forecasts two 25 bps hikes — in November 2026 and February 2027
- —Markets price a 63% probability of a November hike, according to LSEG
Why it matters: The Bank of England's hawkish pivot, following the Bank of Japan, adds pressure on risk assets, including crypto.
Source: CoinCentral