Schroders analyst David Rees said the Bank of England was correct to keep rates unchanged. He warned markets may be pricing an autumn hike—especially if other central banks tighten—but UK economic conditions do not warrant an immediate increase. Rees flagged fiscal policy as the greater risk, saying higher public spending could lift domestic inflation and force the Bank into tightening.

2026-09-17

Schroders analyst David Rees said the Bank of England was correct to keep rates unchanged. He warned markets may be pricing an autumn hike—especially if other central banks tighten—but UK economic conditions do not warrant an immediate increase. Rees flagged fiscal policy as the greater risk, saying higher public spending could lift domestic inflation and force the Bank into tightening.