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Lucid and Bolt Partner to Deploy 25,000 Autonomous Electric Vehicles Across Europe EPA Formally Finalizes Repeal of Power Plant Carbon Capture and Greenhouse Gas Mandates Congress Overwhelmingly Passes Landmark Bipartisan Sanctions Targeting Shadow Fleet Oil Networks AI Leaders Urge Coordinated Pacing and Independent Safety Audits for Frontier Models Global Oil Prices Surpass $100 as Saudi Pipeline Outage Constrains Supply European Commission and Telecom Leaders Launch EURO-3C Sovereign Cloud and AI Infrastructure Allianz Backs Scaleup Europe Fund to Accelerate European AI and Quantum Champions European Union and Canada Sign Strategic Bilateral Alliance on Critical Minerals and Energy Resilience Lucid and Bolt Partner to Deploy 25,000 Autonomous Electric Vehicles Across Europe EPA Formally Finalizes Repeal of Power Plant Carbon Capture and Greenhouse Gas Mandates Congress Overwhelmingly Passes Landmark Bipartisan Sanctions Targeting Shadow Fleet Oil Networks AI Leaders Urge Coordinated Pacing and Independent Safety Audits for Frontier Models Global Oil Prices Surpass $100 as Saudi Pipeline Outage Constrains Supply European Commission and Telecom Leaders Launch EURO-3C Sovereign Cloud and AI Infrastructure Allianz Backs Scaleup Europe Fund to Accelerate European AI and Quantum Champions European Union and Canada Sign Strategic Bilateral Alliance on Critical Minerals and Energy Resilience
Fri, 18 Sep 2026
Section

Europe – UK

European news, European Union developments, regional politics, economy, and international affairs. – UK coverage.

Bank of England headquarters in Threadneedle Street London with monetary policy charts and interest rate dataeurope

Bank of England Holds Benchmark Rate at 3.75% in Hawkish Pause Following Inflation Uptick

The Bank of England's Monetary Policy Committee voted 7–2 today to maintain the United Kingdom's benchmark Bank Rate at 3.75 percent. Following August inflation data that showed headline consumer prices accelerating to 3.1 percent, policymakers delivered a hawkish assessment, signaling that monetary easing will remain constrained until domestic service price inflation decelerates convincingly.

Jerry VasoyaJerry Vasoya · ·5 min read
Editorial photography of London financial district with the Bank of England, currency symbols, and petrol station fuel price boardseurope

UK Inflation Rises to 3.1% on Energy Volatility as Bank of England Balances Policy

The United Kingdom's annual inflation rate accelerated to 3.1 percent in August, rising from 2.9 percent in July due to climbing automotive fuel prices and aviation tariffs linked to international energy tensions. The renewed price pressure confronts the Bank of England with an intricate policy dilemma ahead of its September interest rate decision.

Jerry VasoyaJerry Vasoya · ·4 min read

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