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BoE holds rate; warns inflation

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The Bank of England kept its base rate at 3.75% but warned rising inflation could force future hikes, with three policymakers dissenting in favor of an increase.

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Exchange rate pass-through is lower in countries that combine flexible exchange rate regimes with credible inflation targets. doi.org/10.1016/j.jimonfin....
September 17, 2026 at 12:00 PM
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The Bank of England is the exception this time around:
In a 6–3 vote by its Monetary Policy Committee, the Bank held interest rates steady at 3.75%.
With the Bank of Japan expected to hike tomorrow, and both the ...

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September 17, 2026 at 11:14 AM

Reposted by Paul Nightingale

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1/ Might fly under the radar with monetary policy today - but this is big news. ONS have upgraded productivity growth today using a better measure.

This is one of the most consequential numbers ahead of budget, and the update could be in the Chancellor's favour.
www.ons.gov.uk/releases/com...
September 17, 2026 at 10:13 AM

Reposted by David Darmofal

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Trump: The Fed is only raising rates for political reasons. It's a raise against Trump
September 16, 2026 at 11:19 PM
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With market expectations sitting at 92%, the Fed had little choice but to deliver a 25-basis-point rate hike, its first since 2023. Holding rates steady against such strong expectations likely would have driven market yields even higher.
Perhaps most surprising, however,...

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September 16, 2026 at 6:21 PM
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The Federal Reserve voted to raise interest rates by a quarter point as policymakers try to tamp down inflation after more than five years of above-target price increases.
Full coverage: www.nytimes.com/live/2026/09...
#EconSky
Live Updates: Fed Faces a Credibility Test on Interest Rates
www.nytimes.com
September 16, 2026 at 6:00 PM