BoE held Bank Rate at 3.75% in an 8-1 vote, with Chief Economist Huw Pill dissenting for a hike. The April MPR projects CPI peaking between 3.6% and 6.2%, a 2.6-point range reflecting uncertainty over Middle East energy pass-through.
Visualizes the BoE's inflation projections and policy scenarios in response to energy price shocks, central to the week's MPC decision. Source
