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