FX.co ★ BoE Hawks Gain Ground as MPC Vote for Rate Hike Rises in June

The Bank of England’s Monetary Policy Committee (MPC) saw a strengthening of hawkish sentiment in June 2026, as the number of members voting for an interest rate hike increased to 2, up from 1 at the previous policy meeting in April 2026.

The shift in the vote tally, updated as of 18 June 2026, underscores growing concern within the Committee about the balance of risks facing the UK economy. While a clear majority still favours keeping rates unchanged, the rise in dissenting votes suggests that more policymakers are now inclined to tighten policy if inflationary pressures persist or economic conditions evolve unfavourably.

Investors and analysts will be watching upcoming data releases and MPC communications closely for signs that this minority view could gather further support, potentially paving the way for a more pronounced shift in the Bank’s policy stance later in the year.