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🇬🇧 UK calendar goes quiet, but the BoE's hawkish split doesn't
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🇬🇧 UK calendar goes quiet, but the BoE's hawkish split doesn't

Macro Soup Newsroom Macro Soup Newsroom 3 min read

The BoE's rate committee held at 3.75% in July on a 6-3 vote, but every dissent favored a hike, not a cut. UK CPI cooled to 2.6% in June even as the Bank's own forecasts show unemployment climbing to 5.6% in 2026, setting up a genuinely contested September 17 decision.

Dark blue graphic with white and teal text stating the interest rate was kept at 3.75% on a 6-3 vote.
The Bank of England's latest MPC decision held Bank Rate at 3.75% on a 6-3 vote, a stance left unchallenged by this week's barren UK data calendar. Source

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