Global Market: Bank of England seen holding rates as UK inflation climbs
Economic Times 2 hrs ago·17 Sept 2026, 8:11 am
The Bank of England is expected to keep its benchmark rate at 3.75% for a sixth consecutive meeting as August inflation rose to 3.1%, with higher fuel and energy costs linked to the Iran conflict adding to price pressures.
For investors, a steady policy rate means short‑term borrowing costs remain elevated, which can support the pound and keep UK government bond yields relatively stable. Equity markets may stay cautious as the outlook for future rate moves remains uncertain.
Key data to watch include upcoming wage growth figures, the next CPI release and the BoE’s forthcoming statement. Persistent inflation could prompt the central bank to consider a rate hike later in the year.
Key takeaways
- Category: Economy.
- Flagged as a high-impact, market-moving story.
Why it matters
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