BOE Holds Rates in Split Vote as War Clouds Inflation Outlook

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Andrew Bailey, governor of the Bank of England (BOE), during a financial stability report news conference at Bloomberg's European headquarters in the City of London, UK, on Tuesday, July 7, 2026. The Bank of England kept interest rates steady at 3.75%, as UK officials sought to balance the threat from resurgent US-Iran tensions against signs that domestic price pressures are easing more quickly than predicted. The Monetary Policy Committee voted six-three in favor of leaving rates unchanged, with Chief Economist Huw Pill and external members Megan Greene and Catherine Mann voting for a quarter-point increase, minutes from its meeting showed on Thursday.

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