Live Updates > Live Update Details
2026-11-05 21:00:28
[Aberdeen: Rate Hike in Line with Expectations, Increased Likelihood of Further Insurance-Style Rate Hikes] ⑴ Aberdeen's head of London interest rates stated that the Bank of England's rate hike today was entirely within market expectations. Given that inflation concerns remain high, further rate hikes appear increasingly likely, even if these are characterized as "insurance-style" increases. ⑵ The head of rates indicated that the Monetary Policy Committee's concerns about a second-round effect will intensify, and they are likely to want to address this in advance, especially before the New Year's wage negotiations.
