BoE: Market Rates Imply Bank Rate at 3.9% in Q4 2026, Rising to 4.9% in Q4 2027

The Bank of England reported market-implied interest-rate expectations of 3.9% for Q4 2026, rising to 4.9% in Q4 2027 and remaining at 4.9% in Q4 2028, before easing to 4.7% in Q4 2029. These projections reflect market pricing rather than the Bank's own policy commitments. The elevated expected rates suggest financial markets anticipate continued monetary-policy tightness over the coming years.