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The Bank of England is expected to restart interest rate cuts in November, but it is unlikely to exceed 25BP

Jessica Hinds, head of Fitch Ratings' economics team, said the Bank of England's decision to keep the benchmark interest rate at 5% is not justified given that Bank of England Governor Bailey said after cutting interest rates in August that he did not want to cut interest rates too far too fast. Surprising. But she wrote in a note that the central bank's monetary policy statement suggested further easing was most likely in November. But she added that the focus was on gradual progress, suggesting there was little chance the Bank of England would follow the Fed in cutting interest rates by more than 25 basis points.

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