Bank of England (BoE) Governor Andrew Bailey said that the central bank is “watching the extent of inflation pass-through,” while acknowledging that inflation risks are tilted to the upside, after the BoE raised interest rates to 4% on Thursday.
Nomura strategists note that Norges Bank kept its policy rate at 4.50% in November and signalled a willingness to hike again if needed. They expect no further rate changes in 2026–2027 and see the next move as a cut, likely only from 2028, given very gradual disinflation in Norway.
The Bank of England (BoE) is set to reveal its latest monetary policy decision on Thursday, coinciding with its seventh rate-setting meeting of 2026.