Bank of England expected to hold interest rates today amidst inflation concerns

The Bank of England's Monetary Policy Committee is widely anticipated to maintain its Bank Rate at 3.75% following its decision on September 17, 2026. Despite this expected hold, there is increasing pressure for future rate hikes due to accelerating UK inflation, which reached 3.1% in August 2026, and a surge in energy prices. The MPC is also expected to vote on the annual Quantitative Tightening (QT) pace, with a likely slowdown in balance sheet reduction.