Banks mostly retain calls for BoE to remain on hold; JPM sees tightening in November, Pantheon Macro expects no move until end-2027

Danske Bank: Maintains call for BoE to keep the Bank Rate unchanged until next year; risks tilted towards a hike this year and potential for lower rates opening up in 2027. Oxford Economics: Maintains call for BoE to keep the Bank Rate unchanged until next year. Rabobank: Removes call for a rate hike in 2026; says it is to early to assess whether second-round effects will materialise. Oxford Economics: Maintains call for BoE to keep the Bank Rate unchanged until next year. JPMorgan: Pushes call for BoE to later in the year; to hike 25bps in November 2026 (prev. saw a hike in July) ING: Maintains BoE call, reiterates next move is likely to be a rate cut in 2027. Pantheon Macro: Maintains call for BoE to keep the Bank Rate unchanged through 2026 and 2027.