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2026-09-17 19:48:10
[Aberdeen: Bank of England Holds Rates Steady as Expected, November May Mark the Start of a Rate Hike Cycle] (1) Aberdeen economist Felix Feather said the Bank of England's decision to keep interest rates unchanged at this meeting was not unexpected. (2) The 6-3 vote was not as close as expected. (3) Inflationary pressures from rising energy prices have intensified since the Monetary Policy Committee's last meeting in July, but so far no more members have turned hawkish. (4) However, the Bank of England is very likely to raise interest rates at its next meeting in November. (5) At the November meeting, the Bank of England will release a full set of economic forecasts and hold a press conference, which will provide a better opportunity for the bank to explain its policy adjustments. Therefore, this is naturally the starting point of a rate hike cycle.
