Aberdeen: Chance of postponement of next BoE interest rate cut increases

Aberdeen: Chance of postponement of next BoE interest rate cut increases

18 september 2025

Rente Monetair beleid Verenigd Koninkrijk

Felix Feather, Economist at Aberdeen, comments on today's BoE interest rate decision:

'There were no surprises from the Bank of England today. As expected, the Bank rate was left on hold at 4.0%. The vote spilt of 7-2 also met expectations and is neither an especially dovish nor hawkish signal. In addition, the pace of bond sales was trimmed to £70bn, in an effort to limit the impact of quantitative tightening on gilt yields. We continue to expect further cuts in response to labour market softness. Indeed, our base case expectation is for cutting to continue to follow a quarterly cadence. But the risks that the next cut will be delayed beyond November are growing.'

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