Interest rates held at 4% by Bank of England
Government
Interest rates were held at 4% in a tight vote as the Bank of England said it judged inflation in the UK to have peaked. Policymakers voted 5-4 in favour of leaving rates unchanged on Thursday but said borrowing costs were "likely to continue on a gradual downward path". Bank governor Andrew Bailey said rather than cutting interest rates now, he would "prefer to wait and see" if price rises continued to ease this year. The Bank's decision comes ahead of the government's Budget on 26 November,
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