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2026-09-17 22:16:12
[Bank of England Governor Bailey: Outlook Still Unclear, Cannot Judge Market Expectations of Four Rate Hikes] When asked whether it was reasonable for the market to price in nearly four rate hikes within the next year, Bank of England Governor Bailey said on Thursday that the outlook was too unpredictable, adding that his officials had not yet discussed this. "We've had a lot of discussions this time, but we haven't discussed the prospect of four rate hikes," Bailey told the media after the Bank of England kept interest rates unchanged but warned of rising inflationary pressures. He added, "The market has to form its own judgment, but I must point out: the current situation... is simply too unpredictable." Bailey said the conditions in the UK gilt market—with the 30-year gilt yield hitting its highest level since 1998 this week—did not affect the bank's announcement. Bailey said, "We planned this work long before the Middle East conflict, so this is not at all a reaction to market conditions."
