{"id":127080,"title":"Bank of England Poised to Keep Rates on Hold","publisher":"Share Talk","author":"sharetalk","published":"2025-09-16T08:00:36+00:00","modified":"2025-09-16T08:00:36+00:00","canonical_url":"https://www.share-talk.com/bank-of-england-poised-to-keep-rates-on-hold/","markdown_url":"https://www.share-talk.com/bank-of-england-poised-to-keep-rates-on-hold.md","json_url":"https://www.share-talk.com/bank-of-england-poised-to-keep-rates-on-hold.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["Bank of America","Bank of England","banking","BARC","Barclays","Benchmark","BoE","buyback","Chancellor","childcare","CME Group","consumers","Coverage","CS Venkatakrishnan","Deutsche Bank","domestic","energy bill","England","FCA","Fed","Federal Deposit Insurance Corporation","Federal Reserve","FREE","FTSE 100","FTSE 250","FTSE100","futures","Goldman Sachs","household","HSBC","HSBC Holdings","Inflation","investors","Jeremy Hunt","Legal & General","lending","Lloyds Banking Group","London","MCP","midcap index","Monetary Policy Committee","NatWest Group","Ofgem","pandemic","price cap","Prime Minister","program","Prudential","Qatar","Regulators","Rishi Sunak","SEC","Serious Fraud Office","share","Share Talk","ShareHolders","silicon valley","Silicon Valley Bank","SIVB","SVB","The Bank of England","Traders","Treasury","UK","Underground","USA","Wall Street"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/02/dreamstime_s_15957678-1.jpg?fit=800%2C531&quality=89&ssl=1","format":"news","language":"en-GB","content":"**Bank of England Expected to Hold Rates Despite Jobs Market Weakness**\n\nThe Bank of England is widely expected to keep interest rates unchanged at its next Monetary Policy Committee (MPC) meeting on Thursday, despite new data showing further signs of weakness in the UK labour market.\n\nMarket pricing suggests traders see less than a 1% chance of a rate cut this week, with policymakers still focused on tackling stubborn inflation rather than supporting employment.\n\nMatt Swannell, chief economic adviser at the EY Item Club, said the Bank was likely to continue prioritising inflation control:\n\n“There are few signs that inflationary pressures have eased, as businesses continue to pass on the rise in National Insurance contributions. While the MPC’s focus will now turn to the prices data, there are few signs that the jobs market is in need of immediate support.”\n\nThe consumer prices index (CPI) rose to 3.8% in July, with the latest inflation figures for August due tomorrow.\n\nRob Wood, chief UK economist at Pantheon Macroeconomics, added that the “stabilising labour market will keep the MPC on hold for the rest of the year.”"}