The Bank of England's Monetary Policy Committee has held rates at 3.75% with near-unanimous votes in March and April, but divisions are expected to resurface at the June 18 meeting. At least one more official may join chief economist Huw Pill in backing a hike as inflation mounts and the Iran conflict nears four months.
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Summary by ByteBrief
U.S. inflation meets expectations, reinforcing Fed's higher-for-longer stance