Bank of England holds rate at 3.75% in a 6–3 vote
Three members wanted an increase as the bank highlighted energy’s contribution to August inflation.
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Three members wanted an increase as the bank highlighted energy’s contribution to August inflation.
The 16 September decision was unanimous as the FOMC described solid activity and elevated inflation.
The deposit rate moves to 2.50%; new projections put 2027 inflation at 2.5% and growth at 1.4%.
Weekly repo funding and banks’ borrowing limits are covered by the central bank’s announcement.
Consumer and retail readings improved while construction sentiment eased, leaving the composite above the 100 threshold.
Seasonally adjusted indicators improved in retail, held steady in services and edged lower in construction.
The 17 September document sets out the committee’s 10 September assessment and diverging price indicators.
The overnight corridor was unchanged as the committee weighed inflation trends, domestic demand and geopolitical energy costs.
The programme projects 5% growth and 9% inflation for 2029; these are official forecasts and targets, not achieved results.
Imports also increased, while the ministry’s January–August figures provide a separate cumulative view of trade.