Bank of England

6-3 split among MPC members

Reuters poll of economists finds majority do not expect rates to rise next week

Core inflation saw a slight annual decline to 6.7%, driven by a drop in food and beverage prices

Raises hopes that a recession could be avoided this year

MPC members narrowly voted to raise interest rates by 25bps after inflation fell

Increase had been expected despite headline CPI falling 0.1 percentage points in

BoE chief economist warns fight against rising prices is not over

UK GDP up 0.2% for Q2 2023

Inflation has begun to ease

Highest rates since February 2008