The Bank of England kept interest rates unchanged as expected.

CoinFeed reported on April 30 that the Bank of England kept its benchmark interest rate unchanged at 3.75% for the third consecutive meeting, in line with market expectations. The market maintains its bets on a Bank of England rate hike, projecting a 73 basis point increase in 2026. Both Scenario A and Scenario B of the Bank of England predict that oil prices will peak at $108 per barrel. Scenario B predicts a mild second-round effect as energy prices remain high for an extended period. Scenario C predicts that the inflation rate will peak above 6% in early 2027.