OECD: BoE need not raise rates, UK starts from different position

The OECD stated that the Bank of England does not need to raise interest rates, citing the UK's distinct starting position on monetary policy compared to other economies. This suggests a divergence in the UK's tightening cycle, potentially easing market expectations for further BoE hikes. The statement is an external assessment, not a BoE commitment, so policy direction remains uncertain.