Bank of England governor warns UK public to expect higher costs this year

The Guardian18 jun 2026Macro
Automatisch samengesteld met AI uit de vermelde bronnen

The Bank's monetary policy committee held the base rate at 3.75% in a 7-2 vote, with Megan Greene and Huw Pill dissenting for a quarter-point rise. CPI inflation is now expected to peak at about 3.25% in Q4 2026, a lower forecast than the three scenarios the Bank published the previous month. Oil prices have fallen to a ten-week low since the US-Iran peace deal but remain above pre-conflict levels, and the Bank cautioned that higher energy costs from the past four months are still feeding through to consumer prices.