Sanjay Raja, an analyst at Deutsche Bank, said in a report that the Bank of England's latest policy decision may trigger a rethink of the future policy path. He said the balance between rising inflation and a weak labor market has increased the uncertainty of the policy path. Due to the 4-4-1 vote result, the internal division within the Monetary Policy Committee has intensified, giving the impression that the constraints on bank interest rates are less restrictive than before.

Deutsche Bank currently expects the Bank of England to cut interest rates only once in November this year, compared to the previous expectation of two rate cuts, but this may be delayed until December. It is expected that interest rates will be cut quarterly thereafter, with the final rate reaching 3.25% by the second quarter of 2026.