General · 1 hour ago

Bank of England expected to hold rates despite 3.1% inflation rise

UK inflation increased to 3.1% in August, up from 2.9% in July, mainly driven by higher motor fuel costs. Despite this, the Bank of England's interest rates are anticipated to remain at 3.75% on Thursday. Economists forecast that inflation might reach approximately 4% in the early part of next year.

By BriefTea Editorial · 16 September 2026 at 14:52

Reported by The Guardian · How we write briefs