Strategists say that Catherine Mann will back an interest rate hike while Clare Lombardelli has also been flagged as another potential hawk.

Interest rates have been on hold since December 2025

Economists in the Shadow MPC said interest rates should be left at 3.75 per cent after results suggested inflation would not spiral.

A number of economists have predicted another seven-to-two vote in favour of holding the current rate.

The Monetary Policy Committee cut rates four times last year but 2026 remains far more uncertain