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2025-07-30 23:58:09
[UBS: The Bank of England may raise its inflation and economic growth forecasts at its August meeting] UBS economists said in a report that the Bank of England may raise its inflation and economic growth forecasts for the UK in 2025. They said that given the higher-than-expected inflation data in June, the Bank of England may slightly raise its forecast for UK inflation in 2025 from 3.3% to 3.5%. UBS said that after GDP growth in the first quarter was higher than expected, the growth forecast may also be slightly raised. "Compared with the Bank of England's assumptions in May, we expect energy prices and the effective pound exchange rate to be revised upwards, while the policy interest rate assumption is likely to remain largely unchanged."
