MPC member Catherine Mann advocated maintaining the current Bank Rate on a sustained basis to combat persistent inflation, while remaining ready to cut rates rapidly if economic weakness appears.

Hungary’s central bank kept its base rate steady at 6.5%—the joint highest in the EU—for the 11th month in a row due to sustained inflation, with the target of 3% unlikely until early 2027.

Lithuania’s parliament voted to allow Social Affairs Minister Inga Ruginiene to begin forming a new cabinet, moving her closer to becoming prime minister.

Nigel Farage outlined a plan to repeal human rights laws to enable mass deportations of asylum seekers, warning that current policies risk triggering “major civil disorder.”