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Executive Summary Headline Rate: UK Consumer Prices Index (CPI) inflation stands at 2.6% (summer 2026), down significantly from historical peak levels. Interest Rate Stance: The Bank of England held its base rate at 3.75% on 30 July 2026 following a split 6–3 Monetary Policy Committee (MPC) vote. Projections: The Office for Budget Responsibility (OBR) expects inflation to average 2.3% across 2026. However, the Bank of England warns of a temporary uptick to around 3.2% in Q4 2026 driven by global energy price volatility. Consumer Impact: Fixed-rate mortgage deals have stabilized between 4.0% and 4.5%, while average earnings continue to slightly…