The Bank of England's rate committee tightened from a 7-2 to a 6-3 vote to hold rates at 3.75%, with three members now favoring a hike as UK inflation is forecast to climb back above 3% ahead of Thursday's GDP print.
UK three-month GDP growth had climbed back to the pace Rachel Reeves inherited in 2024, even as PMIs already flagged a sharper slowdown into the summer print. Source
