The Bank of England's Monetary Policy Committee (MPC) voted to hold the Bank Rate at 3.75% on June 18, 2026. This decision was in line with analyst expectations, and Governor Andrew Bailey characterized it as a "sensible decision." However, the vote split within the nine-member MPC was 7-2, with two members advocating for an immediate 25 basis point increase to 4.00%. This marks a hawkish shift compared to the previous 8-1 vote in April, indicating growing dissent within the committee regarding the current policy's tightness.
The decision comes as the UK's Consumer Prices Index (CPI) inflation
