Economists predict that the Bank of England will keep interest rates unchanged this week and maintain a tough stance

Economists predict that, against the backdrop of the Middle East conflict and soaring energy prices, the Bank of England will maintain its 3.75% interest rate unchanged at this week's meeting and maintain a tough stance. Since the June meeting, global oil prices have rebounded to around $100 per barrel, and European natural gas prices have risen to their highest level since the early stages of the conflict. The UK's GDP grew by 0.7% in May, while the CPI dropped to 2.6% in June. The Monetary Policy Committee will signal that it will be prepared to tighten policy if there is a significant increase in energy prices or if price shocks become persistent issues.