Bank of England keeps interest rate at 3.75% after split 6‑3 vote FAST-MOVING
The Bank of England held its Bank Rate at 3.75% for the fifth consecutive meeting, the lowest level since January 2023. The Monetary Policy Committee voted 6‑3 to keep the rate unchanged, while three members – Megan Greene, Catherine Mann and Huw Pill – voted for a rise to 4%. Governor Andrew Bailey supported the hold. The decision reflects lingering inflation pressures and the upside risk from volatile energy prices linked to the ongoing Middle‑East conflict. Consumer‑price inflation fell to 2.6% in June but remains above the 2% target for a 21‑month streak. The BoE warned that risks to the inflation outlook are tilted upward and noted that second‑round effects are not yet evident. Analysts price in roughly one further 0.25 percentage‑point hike later this year, while the bank’s forecasts project inflation peaking near 3.2% before easing toward the 2% goal.
Entities: Andrew Bailey · Bank of England · Bitcoin · Catherine Mann · Huw Pill · Kevin Warsh · Megan Greene · U.S. Federal Reserve
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 6 SOURCES] The Bank of England kept the Bank Rate at 3.75%. (multiple articles)
- [● 2 SOURCES] Analysts price in roughly one further 0.25% rate hike later in the year. (multiple articles)
- [○ 1 SOURCE] The BoE projected inflation to peak around 3.2% this year before falling toward the 2% goal. (multiple articles)
- [● 4 SOURCES] The Bank warned that energy‑price volatility from the Middle‑East conflict creates upside risk to inflation. (multiple articles)
- [● 6 SOURCES] The Monetary Policy Committee voted 6‑3 to keep the rate unchanged. (multiple articles)
- [● 6 SOURCES] Megan Greene, Catherine Mann and Huw Pill voted for a 0.25% rate increase to 4%. (multiple articles)
- [● 4 SOURCES] Inflation has remained above the 2% target for 21 consecutive months. (multiple articles)
- [● 5 SOURCES] Consumer‑price inflation fell to 2.6% in June. (multiple articles)