16:38 - 18.06.2026

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June 18, Fineko/abc.az. The Bank of England at its June meeting expectedly kept its key interest rate at 3.75%. The decision was made by a majority vote (7 against 2, with two committee members voting for an immediate rate increase).

ABC.AZ informs that the regulator confirmed its readiness to act in case of increased inflationary pressure. At the same time, the Committee lowered the forecast for peak inflation in Q4 of this year from 3.6% in April to 3.25%.

Key macroeconomic theses:

The positive from falling oil prices: Central Bank Governor Andrew Bailey called the recent decline in oil prices "encouraging," but noted that the situation remains unpredictable. At the moment, inflation in the UK is 2.8%, with a target of 2%.

Geopolitical monitoring: The regulator stressed that it continues to closely monitor the situation in the Middle East amid uncertainty surrounding the 60-day truce between Iran and the United States.