Inflation Rate Cuts MPC Decisions UK Economic Growth Interest Rate Cuts Economic Forecasts Market Expectations Economic Outlook Rate Decisions Rate Hikes Economic Impact Catherine Mann Policy Decisions June Rate Decision Rate Increase Andrew Bailey Borrowing Costs Market Reactions Rate Setting Economic Challenges Consumer Spending Decision-Making Inflation Control Benchmark Lending Rate Bank Rate Rate Hike Monetary Policy Committee 15-year peak UK Interest Rates Leadership Hiking Inflation Forecasts GDP Forecast Future Rates Wage Growth Recession Pass-through Effect Base Rate Interest Rate Cut SONIA Swap Rates Inflation Rates Bank Rate Decisions Committee Appointments Mortgage Market