The Bank of England maintained its interest rate but raised market expectations for a rate hike as policymakers said they stand ready to act as necessary to bring inflation back on track.
The Monetary Policy Committee, governed by Andrew Bailey, voted unanimously to maintain Bank Rate at 3.75 percent.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.