According to CoinMeta, the Bank of England ( BoE ) is expected to maintain its interest rates unchanged at the upcoming meeting, with the current rate at 3.75%. The voting outcome is likely to be 7-2, with Pill and Greene in favor of a rate hike. The market expects a split vote of 6-3, and Mann may join the camp supporting a rate hike. Mann has recently stated that loose financial conditions will be key. Despite a slight tightening of financial conditions, traders have fully priced in the possibility of a rate hike within the year, with a 50% probability of a hike in September. The __BJWKEEP_100 index has reached a new high, which may indicate that financial conditions are not tight. The statement is expected to maintain a non-committal bias towards tightening, emphasizing that “the committee is ready to take necessary measures to ensure that CPI inflation remains on target of 2% in the medium term.” The Bank of England will also release its quarterly monetary policy report, updating economic forecasts, with a focus on this year’s inflation peak, which is expected to have been lowered to 3.25%.