"Three members of the Bank's nine-member rate-setting committee voted for a hike, one more than the previous meeting - with that member explicitly citing the collapse of the US-Iran memorandum of understanding for their vote to raise rates.
However, speaking at an earlier news conference, Bailey said the Bank was not currently moving towards raising interest rates.
"Please do not leave this room thinking that the Bank of England is edging towards a hike, because frankly, there's nothing in what I said, and I think any of us have said along those lines," he told reporters."
Framing: assertive ·
First seen: 2026-07-31 ·
Last seen: 2026-07-31 ·
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