Preview: BoE on Hold in September, After the August Three-Way Split

by Brunello Rosa and Nato Balavadze

In this report, we discuss:

• The state of the UK economy, which remains sluggish;
• The pause we expect the BoE to take in September in its easing cycle;
• How the economy has performed broadly in line with the August’s forecasts; and 
• The muted market reaction we expect to the announcement.

Download PDF: BoE Preview September 2025