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Monetary policy decision keeps key interest rate unchanged as inflation remains above target, signalling cautious future cuts. The Bank of England's Monetary Policy Committee maintained the Bank Rate at four percent with a majority supporting no change and two members preferring a small reduction; the split reflected concern that inflation remains above the two percent target and that future rate cuts must be made gradually and carefully, with timing contingent on incoming data including persistent wage-driven inflation.
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<h1>Monetary policy decision keeps key interest rate unchanged as inflation remains above target, signalling cautious future cuts.</h1> The Bank of England's Monetary Policy Committee maintained the Bank Rate at four percent with a majority supporting no change and two members preferring a small reduction; the split reflected concern that inflation remains above the two percent target and that future rate cuts must be made gradually and carefully, with timing contingent on incoming data including persistent wage-driven inflation.