The Bank of England decided on the 30th to keep its policy rate unchanged at 3.75%. The Monetary Policy Committee vote was 6 to 3, with one additional member supporting a rate hike compared to the previous meeting, bringing the total to three. Catherine Mann joined Megan Greene and Huw Pill in voting for an increase to 4%, while the other members, including Governor Bailey, maintained a wait-and-see stance. The central bank views the secondary effects of rising energy prices as limited, and indicated that inflation is expected to rise to 3.2% within the year before staying above the 2% target until early 2028.