According to CoinMeta, UBS strategists expect the Bank of England to raise interest rates again next February, raising the terminal rate to 4.25%. On Thursday, when updating its inflation forecasts, the Bank of England projected that inflation rates would rise to around 5% by the middle of 2027, signaling the possibility of further rate hikes in the future. UBS strategists stated that this implies at least one more 25-basis-point increase, and the possibility of further rate hikes cannot be ruled out. lseg data shows that the market has currently fully priced in two additional rate hikes by the middle of 2027.