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🇬🇧 UK growth is confirmed at 0.6%, but two Bank of England policymakers want a hike
The day in view

🇬🇧 UK growth is confirmed at 0.6%, but two Bank of England policymakers want a hike

Macro Soup Newsroom Macro Soup Newsroom 2 min read

UK GDP growth was confirmed at 0.6% quarter-on-quarter for Q1 2026, but the Bank of England's June minutes tell the sharper story: a 7-2 vote to hold rates, with two policymakers pushing for a hike as CPI held at 2.8%.

Close-up photo of Bank of England Governor Andrew Bailey in a suit and glasses, hand near his chin.
Bank of England Governor Andrew Bailey stated there is no immediate need to adjust policy in response to higher oil prices, with inflation still expected to return to the 2 percent target. Source

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