Mann says she stands ready for "forceful policy action" in the future.

Only 9% suggested there would be no more cuts from the MPC by February 2026.

Industry experts are now split on when the Bank of England will next cut interest rates.

GDP data provides some relief for Reeves ahead of the Autumn Budget, economists say.

The latest forecast from the Bank now shows inflation peaking at 4% in September, up from its previous prediction of 3.7%

Remortgaging approvals are at their highest since October 2022.

CPI inflation is now nearly double the Bank’s 2% target.

Markets are now pricing in an August cut to Bank Rate.

This is the first time the Bank has fined a financial market infrastructure firm. 

The current policy is still too restrictive, Taylor says.