The Bank of England’s June 2026 Monetary Policy Committee meeting carries an 87% market-implied probability of no change in the 3.75% Bank Rate, reflecting the MPC’s recent decision to hold steady amid elevated inflation. CPI rose to 3.3% in March, with further upward pressure expected from higher global energy prices tied to Middle East supply disruptions, prompting an active hold at the April meeting where one member favored a 25-basis-point hike. A loosening labor market and tightening financial conditions have contained second-round effects so far, supporting trader consensus that policy remains on hold rather than easing or tightening aggressively. The June 18 outcome will hinge on incoming data releases and any updated guidance on the balance between inflation risks and economic slack.