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2025-09-15 15:57:45
[Societe Generale: The Bank of England is expected to keep interest rates unchanged and slow the pace of balance sheet reduction] Societe Generale said that although the Bank of England's annual quantitative tightening decision will be the focus this week, the inflation and employment market data released before the September meeting will be the key to determining whether interest rates will continue to be cut in November. The continued loose labor market, slowing wage growth and falling service industry inflation should open the door to a rate cut in November. The Bank of England's Monetary Policy Committee is likely to keep interest rates unchanged at 4% at this meeting. In addition, we expect the Bank of England to slow the pace of its reduction of UK government bonds to 75 billion pounds per year, lower than the 100 billion pounds per year in the past three years.
