The Bank of England is widely expected to keep its benchmark interest rate unchanged at 3.75% on Thursday as policymakers assess the inflation outlook following the tentative truce between Iran and the United States.
Governor Andrew Bailey has said the BoE has time to assess economic conditions, unlike the European Central Bank, which raised interest rates last week for the first time since 2023.
Markets will closely watch the nine-member Monetary Policy Committee for any dissenting votes. External member Megan Greene is considered the most likely to join Chief Economist Huw Pill in supporting a quarter-point rate increase.
Earlier this month, Greene argued that raising rates sooner rather than later could help reinforce public confidence that the central bank is staying ahead of inflation, after BoE data showed household inflation expectations had climbed to a record high.