10-year gilt yield fell to 5.005% after the Bank of England held Bank Rate at 3.75% as widely expected, down 1.3bps intraday from 5.027% pre-decision. Three of nine MPC members preferred a rate rise; the BoE said there is little sign so far of second

2026-07-30

10-year gilt yield fell to 5.005% after the Bank of England held Bank Rate at 3.75% as widely expected, down 1.3bps intraday from 5.027% pre-decision. Three of nine MPC members preferred a rate rise; the BoE said there is little sign so far of second-round effects from high energy prices and noted slowing wage growth and a weakening labor market.