Financial News: Bank Of England Holds Key Rate

Bank Of England Holds Key Rate

06/18/2026 - 07:28:00 (RTTNews)

(RTTNews) - The Bank of England left its key interest rate unchanged, as widely expected, on Thursday.

The Monetary Policy Committee governed by Andrew Bailey, voted 7-2 to hold the bank rate at 3.75 percent.

The current rate remains the lowest since June 2023. Previously, the central bank had reduced the rate by 25 basis points each in August and November last year.

Megan Greene and Huw Pill preferred a quarter-point rate hike citing significant uncertainty about the extent of second-round effects.

Although inflation eased to 2.8 percent in May, it is expected to rise later this year as the effects of higher energy prices continue to pass through.

The committee observed that the policy stance required to achieve the 2 percent inflation target sustainably will depend on the scale and duration of the energy shock, and how it propagates through the economy.

Taking into account risks to the economic outlook, the committee judged that it is appropriate to maintain the interest rate at this meeting.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Philly Fed Index Rebounds Roughly In Line With Estimates In June (53 min(s), 12 sec(s) ago)
(RTTNews) - Philadelphia-area manufacturing activity expanded overall in the month of June, accord ...Full Story»

U.S. Initial Jobless Claims Dip Roughly In Line With Estimates (57 min(s), 12 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed a modest pullback in firs ...Full Story»

Swiss Central Bank Keeps Rate On Hold (01 hr(s), 06 min(s), 12 sec(s) ago)
(RTTNews) - The Swiss National Bank left its policy rate unchanged on Thursday as inflation contin ...Full Story»

Bank Of England Holds Key Rate (02 hr(s), 03 min(s), 12 sec(s) ago)
(RTTNews) - The Bank of England left its key interest rate unchanged, as widely expected, on Thurs ...Full Story»

Swiss Trade Surplus Rises In May (02 hr(s), 40 min(s), 12 sec(s) ago)
(RTTNews) - Switzerland's foreign trade surplus grew in April as exports grew faster than impo ...Full Story»

Portugal PPI Inflation Highest Since February 2023 (02 hr(s), 57 min(s), 12 sec(s) ago)
(RTTNews) - Portugal's producer price inflation accelerated further in May to the highest leve ...Full Story»

Philippine Central Bank Hikes Rates By 25 Bps (04 hr(s), 0 min(s),12 sec(s) ago)
(RTTNews) - The Philippine central bank lifted its key interest rates by 25 basis points on Thursd ...Full Story»

Italy Current Account Surplus Grows In April (04 hr(s), 14 min(s), 12 sec(s) ago)
(RTTNews) - Italy's current account surplus increased in April from the previous year, the Ban ...Full Story»