General · 6 November 2025
Bank of England keeps rates steady as inflation falls
The Bank of England maintained interest rates at 4% in a narrow five-to-four vote by the Monetary Policy Committee, declaring that UK inflation peaked at 3.8% in September. Governor Andrew Bailey indicated rates remain on a gradual downward path but stressed the need for confidence that inflation will return to the 2% target before further cuts. The Bank expects inflation to decline in coming months and reach the target by 2027.
Reported by The Times and Star · How we write briefs