BoE Projects Above-Target Inflation Through 2026 Even As It Softens Stance

The Bank of England kept rates on hold Thursday as expected, but the dissents included one call for a cut. The vote split was 6-3. Haskel and Mann again voted for a hike, Greene dropped her call for another increase to join the majority, while Dhingra spoke up for easing. The statement language acknowledged a "relatively sharp" decline in headline CPI, said the labor market is loosening and described the risks to inflation as "more balanced." The MPC reiterated that policy needs to stay restr