HSBC: With continued uncertainty, Bank of England will keep interest rates unchanged

In a report, they stated that if policymakers had hoped the situation would become clearer between the April and June meetings, they would be disappointed. The survey shows that price pressures are widespread and concerning, and businesses expect to respond by combining margin compression with price increases. However, these economists noted that, so far, wage expectations remain under control. They added that if a 25 basis point rate hike is possible in July, there may be relevant signals in the statement accompanying the June meeting.