The Bank of England left the policy rate at 3.75% at its June meeting; the statement's guidance was unchanged, reiterating it stands ready to act if needed to curb inflationary pressures. The vote surprised markets: Chief Economist Pill and MPC member Greene both voted for a rate increase; in April only Pill had supported a hike.

2026-06-18

The Bank of England left the policy rate at 3.75% at its June meeting; the statement's guidance was unchanged, reiterating it stands ready to act if needed to curb inflationary pressures. The vote surprised markets: Chief Economist Pill and MPC member Greene both voted for a rate increase; in April only Pill had supported a hike.