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Global Market: Bank of England seen holding rates as UK inflation climbs

The Bank of England is expected to hold its 3.75% benchmark rate for a sixth meeting despite UK inflation rising to 3.1% in August. Higher fuel and energy costs linked to the Iran conflict are intensifying price pressures. Policymakers will monitor wages and domestic inflation, while markets anticipate possible rate hikes later.

17 Sep 2026 1:41 pm