Regulatory Alerts2026-06-18
Bank Rate maintained at 3.75% - June 2026 Monetary Policy Summary and Minutes
The Bank of England's Monetary Policy Committee voted 7-2 to maintain Bank Rate at 3.75% in June 2026 to sustainably achieve the 2% inflation target amid volatile global energy prices. The Committee judged that current financial tightening and economic slack would help contain second-round inflationary effects, despite CPI inflation rising to 2.8% and expectations of further near-term increases. Two dissenting members advocated for a rate hike to 4% to mitigate risks of persistent domestic price pressures and ensure policy robustness against uncertainty.
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