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.
The current rate was the lowest since June 2023. Previously, the BoE had reduced the rate by 25 basis points each in August and November last year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.