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 political 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

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 political 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.