BoE July 2026 Monetary Policy Report signals rate path

The Bank of England published its July 2026 Monetary Policy Report, setting out economic analysis and inflation projections underpinning MPC rate decisions.

The quarterly MPR frames the MPC's forward view on inflation and rates. Institutions should recalibrate treasury, ALM, and credit models to the revised path, and reassess deposit betas, mortgage pipeline hedging, and provisioning assumptions.

Sets the baseline macro and rate environment used across UK banking risk models and capital planning.

MPR is a core input to bank strategy, IRRBB, and stress testing frameworks across UK-facing institutions.

“Bank of England quarterly Monetary Policy Report sets out the economic analysis and inflation projections that the Monetary Policy Committee uses to make its interest rate decisions.”