LONDON (Reuters) -Investors added to their bets on Bank of England interest rate cuts at the end of this year after data on Wednesday showed Britain’s consumer price inflation and a key underlying measure of price growth unexpectedly held steady in September.

Interest rate futures were pricing a roughly 75% chance that the BoE’s Monetary Policy Committee will cut Bank Rate to 3.75% from 4% at its December meeting, up from about 46% before the inflation data. They were fully pricing in a 25 basis-point cut in February 2026, a month earlier than before the figures were published.

Two-year gilt yields were down by 8 basis points at 3.769% in early trade, the lowest since May 2. The 10-year gilt yield hit its lowest since April 7, also down about 8 bps at 4.393%.

“Widespread downside surpri

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