The Bank of England held Bank Rate at 3.75% in a 6—3 vote, with three Monetary Policy Committee members supporting a 25-basis-point increase. The Details: · Rate decision: The MPC kept Bank Rate at 3.75%; the three dissenting members favored raising it to 4.00%. · Inflation forecast: The Bank now expects inflation to rise slightly above 4% in early 2027. · Prior outlook: The new forecast exceeds the Bank's previous projected 3.2% inflation peak. · Growth forecast

The Bank of England held Bank Rate at 3.75% in a 6—3 vote, with three Monetary Policy Committee members supporting a 25-basis-point increase. The Details: · Rate decision: The MPC kept Bank Rate at 3.75%; the three dissenting members favored raising it to 4.00%. · Inflation forecast: The Bank now expects inflation to rise slightly above 4% in early 2027. · Prior outlook: The new forecast exceeds the Bank's previous projected 3.2% inflation peak. · Growth forecast: The Bank raised its estimate for third-quarter GDP growth to 0.4%, from 0.1%. · Policy objective: The MPC said policy is set to return inflation sustainably to its 2% target as the economy adjusts to energy-price shocks.