Will Pill Stand Alone? The 18 June MPC Decision
- Jun 16
- 1 min read
The Bank of England will almost certainly hold Bank Rate at 3.75% on 18 June 2026. The story is the committee's hawkish turn: a unanimous March hold gave way to an 8–1 April vote with Huw Pill dissenting for a hike. With Brent slumping to ~$86 on a draft deal to reopen the Strait of Hormuz, BlackPoint puts a hold at ~97% and expects Pill alone again — while flagging that the energy reversal may mean the hawkish moment has already peaked.