- The Bank of England's rate-setting committee voted 6-3, with Catherine Mann joining the hawkish dissenters seeking rate hikes to offset an Iran energy shock.
- Despite the hawkish votes, deputy governors Clare Lombardelli and Dave Ramsden led a dovish shift among the remaining majority of the panel.
Quotes
“Clear blue water is emerging on the Bank of England’s rate-setting committee with its three hawks now looking increasingly stranded in their push for higher interest rates.”