Economic Review June 2026
Bank of England keeps rates steady, retail sales rebound with warmer weather, UK inflation dips.
Key takeaways
- 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

