The BoE held at 3.75%, but Chief Economist Huw Pill voted to hike to 4.00%. With CPI at 3.3% and services inflation at 4.5%, his lone dissent may be the clearest signal yet of where the MPC goes next.
Bank of England’s Monetary Policy Committee held the Bank Rate at 3.75% for a third straight meeting, with only token dissent from Chief Economist Huw Pill who favoured an immediate 25bp hike. Source
