The Bank of England’s Monetary Policy Committee voted 6-3 to hold Bank Rate at 3.75% on September 17, as UK CPI rose to 3.1% and energy prices surged, diverging from the Fed’s unanimous hike one day earlier.
Tag: Bank of England
Posted inEconomy
Bank of England MPC Split 6-3 as Hawks Eye 4% Rate Ahead of September 17 Vote
The Bank of England faces a genuinely uncertain September 17 rate decision as three MPC members already voted for a rise to 4% in July and UK inflation has started climbing again.
Posted inEconomy
UK Economy Grows 0.4% in Q2 as Industrial Output Contracts
Britain’s GDP expanded 0.4% in the second quarter of 2026, easing from Q1’s 0.6% pace, as a fall in industrial production and manufacturing cast doubt on the durability of the recovery.
Posted inEconomy
Bank of England Holds at 3.75% as Hawkish Dissent Grows to Three MPC Members
The Bank of England kept its benchmark rate at 3.75% on July 30, but a surprise 6-3 vote split — with three MPC members pushing for a hike to 4% — signalled the committee is leaning hawkish.