Bank of England Likely to Maintain Rates Amid Inflation Surge

WHO:

CNBC - Kevin Warsh, chairman of the US Federal Reserve; Andrew Bailey, governor of the Bank of England.

ABC News - Suren Thiru, chief economist at ICAEW; Scott Gardner, investment strategist at J.P. Morgan Personal Investing; Shreyas Gopal, FX strategist at Deutsche Bank.

WHAT:

Bloomberg - The Bank of England is expected to keep interest rates unchanged at 3.75% during its upcoming meeting, despite inflation pressures.

CNBC - A hike of at least 25 basis points is anticipated at the Bank of England's next meeting in November.

ABC News - The inflation increase in the U.K. is attributed to rising prices at the pump and airfares, with the consumer prices index reaching 3.1% in August.

ABC News - Inflation in the United Kingdom rose to 3.1% in August, marking its first rise above 3% since March, driven by rising prices at the pump and airfares.

Bloomberg - The Bank of England is expected to announce plans to stop selling 20- and 30-year gilts alongside its interest rate decision.

Bloomberg - The U.K. has the highest borrowing costs in the G7, with yields on its long-dated 20- and 30-year gilts approaching the 6% mark.

Bloomberg - The Bank of England is expected to hold interest rates at 3.75% as it waits for more evidence that inflation risks a damaging wage-price spiral.

CNBC - Markets are pricing in more than an 80% chance that the Bank of England will hold interest rates steady on Thursday, with a hike of at least 25 basis points anticipated at its next meeting in November.

ABC News - The inflation increase was largely driven by rising motor fuel costs, which surged 23% year-on-year.

Bloomberg - The Bank of England is expected to announce plans to stop selling 20- and 30-year gilts alongside its interest rate decision.

ABC News - Inflation in the United Kingdom rose to a five-month high of 3.1%, up from 2.9% the previous month.

ABC News - The inflation increase is largely attributed to rising prices at the pump and airfares.

ABC News - Inflation in the United Kingdom rose to 3.1% in August, marking its first rise above 3% since March.

Bloomberg - The Bank of England is expected to maintain the benchmark cost of borrowing at 3.75%, unchanged since December of the previous year.

Bloomberg - The Bank of England has not altered its key interest rate this year, maintaining it at 3.75%.

Bloomberg - The U.K. is grappling with a cost-of-living crisis brought on by post-Covid inflation and the Russia-Ukraine war's impact on natural gas supplies.

Bloomberg - The Bank of England is widely expected to leave interest rates unchanged, despite inflation rising well above its 2% target.

ABC News - Inflation in the United Kingdom rose to a five-month high of 3.1%, up from 2.9% the previous month, further distancing from the Bank of England's 2% target.

Bloomberg - The Bank of England is expected to announce plans to stop selling 20- and 30-year gilts alongside its interest rate decision.

CNBC - The U.S. Federal Reserve announced a quarter-point hike, its first since 2023, while the European Central Bank announced its second rate hike of the year.

Bloomberg - The U.K.'s inflation rate rose to 3.1% in August, marking its first rise above 3% since March.

CNBC - The Bank of England has not altered its key interest rate this year, maintaining it at 3.75%.

Bloomberg - Britain has the highest borrowing costs in the G7, with yields on its long-dated 20- and 30-year gilts approaching the 6% mark.

ABC News - The inflation increase is largely attributed to rising motor fuel costs, which surged 23% year-on-year.

ABC News - Inflation in the United Kingdom rose to a five-month high of 3.1% in August, up from 2.9% the previous month.

Bloomberg - The Bank of England is expected to maintain the benchmark cost of borrowing at 3.75%, unchanged since December of the previous year.

ABC News - The increase in inflation is largely attributed to rising prices at the pump and airfares.

WHERE:

CNBC - Jackson Hole Economic Symposium in Moran, Wyoming.

ABC News - United Kingdom.

WHEN:

Bloomberg - The Bank of England last changed rates in December, with a 25-basis-point cut.

CNBC - The Bank of Japan is expected to raise its key interest rate at the end of its two-day meeting on Friday.

ABC News - The U.S. and Israel attacked Iran in late February.

WHY:

Bloomberg - The ongoing aftershocks of the Iran war are contributing to rising fuel prices, impacting inflation in the U.K.

ABC News - The increase in inflation is largely attributed to rising motor fuel costs, which surged 23% year-on-year.

Bloomberg - The inflation increase was influenced by the ongoing aftershocks of the Iran war, which have led to increased fuel prices.

ABC News - The increase in inflation is largely attributed to rising prices at the pump and airfares.

Bloomberg - The inflation increase was influenced by the ongoing aftershocks of the Iran war, which have led to increased fuel prices.

ABC News - The rise in inflation is influenced by the ongoing aftershocks of the Iran war, which have led to increased fuel prices.

CNBC - Global inflation concerns, political instability, and apprehension about U.K. fiscal policy have put pressure on British government bonds this year.

ABC News - The rise in inflation is influenced by the aftershocks of the Iran war, which has led to increased fuel prices.

Bloomberg - The Bank of England is waiting for more evidence that inflation risks a damaging wage-price spiral.

HOW:

Bloomberg - Bond investors are focusing on the Bank of England’s quantitative-tightening program for the next year rather than its interest-rate decision.

Bloomberg - Bond investors are focusing more on the Bank of England’s quantitative-tightening program for the next year than on its interest-rate decision.

ABC News - The Bank of England is expected to announce plans to stop selling 20- and 30-year gilts alongside its interest rate decision.

ABC News - The Office for National Statistics reported the inflation increase, driven by rising motor fuel costs, which surged 23% year-on-year.

ABC News - Policymakers are considering whether higher prices are leading to increased wage demands that could further stoke inflationary pressures.

(UPDATED September 18, 2026 03:59 UTC)

The Bank of England is expected to keep interest rates unchanged at 3.75% during its upcoming meeting, despite ongoing inflation pressures attributed to rising fuel prices and airfares, which pushed the consumer prices index to 3.1% in August. However, a hike of at least 25 basis points is anticipated at the Bank's next meeting in November. Meanwhile, bond investors are shifting their focus to the Bank of England's quantitative-tightening program for the next year rather than its immediate interest-rate decision.

(UPDATED September 18, 2026 03:00 UTC)

Inflation in the United Kingdom has risen to 3.1% in August, marking the first increase above 3% since March, largely driven by a significant surge in motor fuel costs. The Bank of England is expected to announce plans to stop selling 20- and 30-year gilts alongside its interest rate decision, as the U.K. currently faces the highest borrowing costs in the G7, with yields on these long-dated bonds nearing 6%. Bond investors are now paying closer attention to the Bank of England’s quantitative-tightening program for the upcoming year rather than its interest-rate decision.

(UPDATED September 18, 2026 01:21 UTC)

The Bank of England is expected to hold interest rates steady at 3.75% as it seeks more evidence to assess inflation risks, particularly in light of rising motor fuel costs that have surged 23% year-on-year. Markets are anticipating an over 80% chance that rates will remain unchanged this Thursday, but a hike of at least 25 basis points is expected at the next meeting in November. Meanwhile, bond investors are shifting their focus toward the Bank's quantitative-tightening program for the upcoming year rather than its immediate interest-rate decision.

(UPDATED September 17, 2026 14:58 UTC)

The Bank of England is expected to announce plans to stop selling 20- and 30-year gilts alongside its interest rate decision. Inflation in the United Kingdom has risen to a five-month high of 3.1%, largely driven by increased fuel prices and airfares, which are influenced by the ongoing aftershocks of the Iran war. As this unfolds, bond investors are shifting their focus more towards the Bank's quantitative-tightening program for the next year rather than its interest-rate decision.

(UPDATED September 17, 2026 13:05 UTC)

Inflation in the United Kingdom has risen to 3.1% in August, marking the first time it has exceeded 3% since March, largely due to rising prices at the pump and airfares. The Bank of England is expected to keep the benchmark cost of borrowing at 3.75%, unchanged since December of last year, despite inflation being well above its 2% target. Bond investors are now paying more attention to the Bank's quantitative-tightening program for the upcoming year rather than its interest-rate decisions.

(UPDATED September 17, 2026 10:58 UTC)

Inflation in the United Kingdom has surged to a five-month high of 3.1%, moving further away from the Bank of England's target of 2%, largely due to the ongoing aftershocks of the Iran war that have driven up fuel prices. In response to these economic pressures, the Bank of England is expected to announce plans to halt the sale of 20- and 30-year gilts alongside its interest rate decision. Meanwhile, the U.S. Federal Reserve has implemented a quarter-point hike, marking its first increase since 2023, while the European Central Bank has also announced its second rate hike of the year.

(UPDATED September 17, 2026 08:59 UTC)

The U.K.'s inflation rate has risen to 3.1% in August, marking its first increase above 3% since March, largely driven by a significant 23% surge in motor fuel costs year-on-year. Meanwhile, the Bank of England has kept its key interest rate steady at 3.75% this year, even as Britain faces the highest borrowing costs in the G7, with long-dated gilt yields nearing 6%. Looking ahead, the Bank of England is expected to announce plans to halt the sale of 20- and 30-year gilts alongside its upcoming interest rate decision.

(UPDATED September 17, 2026 07:10 UTC)

Inflation in the United Kingdom has surged to a five-month high of 3.1% in August, primarily driven by rising fuel prices and airfares. The Bank of England is expected to keep the benchmark borrowing cost steady at 3.75% during its upcoming meeting, with a hike anticipated in November. Meanwhile, at the Jackson Hole Economic Symposium in Wyoming, key figures like Kevin Warsh and Andrew Bailey are discussing the implications of these economic shifts.