Premier Milton CIO Neil Birrell said the Bank of England left rates unchanged at this meeting and that the next decision will likely await the budget. Markets are effectively setting borrowing costs, and the BoE appears more relaxed on inflation risk than some international peers. With markets widely pricing multiple hikes from year‑end into mid‑next year, the UK gilt market may be more susceptible to sharp reversals.

2026-09-17

Premier Milton CIO Neil Birrell said the Bank of England left rates unchanged at this meeting and that the next decision will likely await the budget. Markets are effectively setting borrowing costs, and the BoE appears more relaxed on inflation risk than some international peers. With markets widely pricing multiple hikes from year‑end into mid‑next year, the UK gilt market may be more susceptible to sharp reversals.