
Macro - Weekly Briefings - United Kingdom
Description
The Monetary Policy Committee's decision to keep Bank Rate at 4% was no surprise. The minutes made no effort to prepare the ground for a November cut and emphasised that the upside risks to medium-term inflationary pressures were dominating the MPC's thinking. We expect Bank Rate to be held at 4% through the rest of this year, before rate cuts resume slowly in 2026.
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