The Bank of England maintained its benchmark rate on Thursday, amid intensifying uncertainty over global trade policy.
The nine-member committee voted 8-1 to maintain the Bank Rate at 4.5 percent. Swati Dhingra sought a quarter point reduction.
Previously, the BoE had reduced the rate by 25 basis points in February after two such reductions last year.
"There was no presumption that monetary policy was on a pre-set path over the next few meetings," the bank said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.