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🇬🇧 The BoE held rates. One member wanted to hike. That disagreement is the story.
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🇬🇧 The BoE held rates. One member wanted to hike. That disagreement is the story.

Macro Soup Newsroom Macro Soup Newsroom 2 min read

The BoE held Bank Rate at 3.75% in an 8-1 vote, with a lone dissenter calling for a hike to 4.00%. CPI is running at 3.3% against near-zero growth of 0.2% in Q1 and 0.1% in Q2. The stagflation bind is tightening.

Chart from BoE's Monetary Policy Report on interest rate scenarios
Visualizes the Bank of England's projections and scenarios in the April 2026 Monetary Policy Report, highlighting the rationale for holding the Bank Rate steady amid inflation risks. Source

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