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Friday, 18 September 2026

22 briefs so farlast update 20:46 UTC

Key points

  • Orlen Buys 16 Extra Crude Cargoes After Saudi Supply Disruption.
  • Von der Leyen Puts Iran Conflict's Cost to EU Fossil Fuel Imports at EUR 90 Billion.
  • Crude Swings on Saudi Pipeline Shutdown and Hormuz Flow Update.
  • Fuel Price Protests Spread Across Four Countries as Costs Bite.
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Markets

Bank of England Expected to Hold Rates as Energy Shock Revives Hike Talk

The Bank of England is expected to keep interest rates on hold, though investors are watching for any hint that surging energy prices could push the central bank toward a hike, following a move by the US Federal Reserve a day earlier.

Most economists polled by Reuters last week expected the Bank Rate to stay at 3.75% for the rest of the year.

The recent jump in energy prices triggered by the Iran war is shifting opinion toward a hike, in line with earlier moves by the European Central Bank and the Fed.

If sustained, the energy price increase would push UK inflation, already at 3.1% in August, further above the Bank of England's 2% target.

Source: malaysia.news.yahoo.com (opens in a new tab)2 sourcesPermalink