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Macro

Bank of England rate hike in 2026?

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Bulls Say, Bears Say

Bulls Say

UK inflation has been persistently above target, pressuring the BoE to act

A +31.5% weekly surge in YES probability signals a major repricing of UK rate expectations

Wage growth in the UK remains elevated, sustaining inflationary pressure

Bears Say

UK economic growth is fragile, limiting the BoE's ability to hike without triggering recession

60% YES still leaves 40% NO — consensus is not overwhelming for a hike

Market may be overreacting to short-term inflation data, reversing the weekly surge