# Interest rates held at 3.75% but Bank warns Iran war could mean future hike

By Sarah Coles — 2026-09-17

AJ Bell head of personal finance Sarah Coles suspects things will ramp up quickly in the coming months.

She said: “Don’t get comfortable. The MPC may have pressed pause on rates, but it’s expected to fast forward from here.

“The pressure is building. The market expects the first hike in November, a total of three by March and as many as five by July.

“The market has been wrong before – many times – so none of this is nailed on.”

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