BoE MPC interest rate decision
29 July 2026
Duncan Kreeger, CEO and founder of commercial mortgage lender and bridging specialist TAB, said:
"The Bank of England didn't need to raise rates today and it knew it.
"Yes, the collapse of the US-Iran ceasefire pushed European gas prices to levels not seen since the early days of the conflict. But oil has fallen sharply on renewed hopes for peace. With resolution back in sight, the MPC has room to hold.
"There's little sign the energy shock is feeding through into persistent price pressure. CPI has undershot forecasts for three months running, easing to 2.6 per cent last month. Wage growth is slowing. Food price rises are softening.
"The Bank has shown real patience since the war in Iran began. That it's continuing to do so is good news for lenders, for brokers and for borrowers alike."
