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Story summary
- Deputy Governor Clare Lombardelli voted six-to-three to keep the Bank of England rate at 3.75%.
- Lombardelli warned a rate rise is likely if energy prices remain high.
- The Bank projects inflation at about 3.7% in Q4 2026 and 4.2% in Q1 2027.
- UK consumer price inflation rose to 3.1% last month, the highest in five months.
