<h1>Bank of England Holds Interest Rate at 4.50% Amid High Inflation and Economic Uncertainty; Future Cuts Possible</h1> The Bank of England maintained its benchmark interest rate at 4.50% amid ongoing high inflation and economic uncertainties, particularly due to US tariff policies. The decision by the Monetary Policy Committee, with eight members voting to keep rates unchanged and one favoring a reduction, aligns with the US Federal Reserve's recent stance. Despite previous rate cuts, inflation remains above the 2% target, currently at 3%, and may rise due to increased wages and taxes. Bank Governor Andrew Bailey indicated that future rate cuts could occur, contingent on economic projections. The UK economy showed minimal growth, disappointing the new Labour government focused on economic expansion.