Recent softer-than-expected UK CPI prints, with headline inflation at 2.6-2.9% and easing core measures, have reinforced trader views that the Bank of England is unlikely to hike Bank Rate above the current 3.75% level during the remainder of 2026. The MPC's consistent holds, including the July decision with a 6-3 split, reflect contained second-round effects from Middle East energy shocks despite projections for a temporary rise toward 3.2% later this year. Reuters economist surveys show nearly 90% expecting no change through year-end, while market-implied odds price only modest tightening risks ahead of the September 17 meeting. Loose labor conditions and underlying disinflation further support the 73.5% "No" consensus on any 2026 hike.