Suren Thiru of the Institute of Chartered Accountants in England and Wales said
the Bank of England is likelier to cut rates than to raise them next. After the
BoE left the policy rate at 3.75% on Thursday, Thiru said the bank may enter an
extended pause to assess geopolitical uncertainty and domestic politics
instability. "Monetary policy is at a crossroads," he said, noting a US‑Iran
peace agreement has pushed markets toward expectations of easing inflation but
that renewed hostilities could quickly tilt policy back toward hikes. He added
that, given elevated global turbulence, the BoE is unlikely to begin cutting
before next year.
