IMF Suggests Bank of England May Not Need Rate Hikes Amid Inflation Pressures
The International Monetary Fund (IMF) has upgraded its growth forecast for the U.K. in 2026 and suggested that the Bank of England may not need to raise interest rates this year, potentially even cutting them if necessary. The IMF emphasized maintaining a restrictive monetary stance at the current rate of 3.75% but warned about inflationary pressures from rising energy prices.
Topics: economic forecast IMF inflation interest rates