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Bank of England Interest Rate Decision July 2026 - My Take

PensionCraft 0:00

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UK inflation eased to 2.6% in June as a lull in the Iran war pulled fuel prices down, but the conflict has reignited and services inflation remains 3.6%. At its June meeting the MPC voted 7–2 to hold Bank Rate at 3.75%, with Huw Pill and Megan Greene favouring a rise to 4%. All 70 economists polled by Reuters expect a hold on 30 July, and most see no move at all this year. With growth at just 0.1% in May, unemployment at 4.9% and Andy Burnham newly in Number 10, the Bank must balance renewed energy costs against a weak economy. A new Monetary Policy Report lands with the decision. Join us live for immediate analysis and what it means for your mortgage, savings and investments.

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All information is given for educational purposes and is not financial advice. Ramin does not provide recommendations and is not responsible for investment actions taken by viewers. Figures that are quoted refer to the past and past performance is not a reliable indicator of future results.

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