Interest rates on hold - Commercial mortgage lender TAB reacts
17 September 2026
Duncan Kreeger, CEO of commercial mortgage lender and bridging specialist TAB, said:
“The Bank of England was right to keep interest rates unchanged for the sixth month in a row - despite growing fears of an inflationary upsurge as oil prices climb.
“Leaving borrowing costs at 3.75 per cent was the sensible option.
“Yes, higher energy prices could push inflation towards 4 per cent this winter but we can't ignore the state of the labour market – the number of people in payrolled employment fell by 26,000 in August – the Bank shouldn’t be hiking rates just because of higher oil prices.
“And the MPC doesn’t need to raise the base rate. The increase in government bond yields, which move inversely to prices, will naturally cool the UK economy and put downward pressure on inflation. This was the right decision.”
