{"id":567729,"date":"2026-07-25T15:55:26","date_gmt":"2026-07-25T15:55:26","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/567729\/"},"modified":"2026-07-25T15:55:26","modified_gmt":"2026-07-25T15:55:26","slug":"economists-agree-bank-of-england-seen-on-hold-as-inflation-eases","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/567729\/","title":{"rendered":"Economists Agree: Bank of England seen on hold as inflation eases"},"content":{"rendered":"<p>The Bank of England (BoE) is expected to keep its interest rate unchanged at 3.75% at its July 30 monetary policy meeting, according to a Reuters poll of 70 economists. None of the respondents expects a change in interest <a href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">rates<\/a> at next week&#8217;s meeting.<\/p>\n<p>The Reuters survey also showed that the median forecast sees the interest rate remaining at 3.75% through the middle of next year, highlighting expectations that the <a href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/boe\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">BoE<\/a> will maintain a steady policy stance.<\/p>\n<p>Economists revised down their inflation forecast for the year to an average of 3.1%, compared with 3.3% in Reuters&#8217; June poll. Meanwhile, the <a href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">outlook<\/a> for economic growth was left unchanged, with the UK economy expected to expand by 1% this year.<\/p>\n<p>Market reaction<\/p>\n<p>The <a href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">British Pound<\/a> (GBP) showed little reaction to the release, with GBP\/USD hovering around 1.3315 at the time of writing on Friday, lacking a clear intraday direction.<\/p>\n","protected":false},"excerpt":{"rendered":"The Bank of England (BoE) is expected to keep its interest rate unchanged at 3.75% at its July&hellip;\n","protected":false},"author":2,"featured_media":330904,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-567729","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/567729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=567729"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/567729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/330904"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=567729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=567729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=567729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}