Economic Review – June 2026

GDP

In June’s Economic Review

    • The Monetary Policy Committee voted 7–2 to leave Bank Rate unchanged at 3.75% at its June meeting
    • Official figures suggest consumers returned to the high street during May, with warmer weather helping lift retail activity
    • UK Consumer Price Index inflation held steady at 2.8% in May, defying analyst forecasts of 3.0% rise

The Bank of England’s Monetary Policy Committee (MPC) voted 7–2 to leave Bank Rate unchanged at 3.75% at its June meeting, a decision widely anticipated by a Reuters poll of economists.

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