UK interest rates have been left unchanged at 5% by the Bank of England.
The decision comes as prices continue to rise slightly faster than the Bank’s target, with inflation remaining at 2.2% last month.
Bank boss Andrew Bailey has previously warned people not to expect a sharp fall in rates, after making a cut in August.
Experts are predicting the Bank will cut rates further in November.
On Thursday, Mr Bailey said: “We should be able to reduce rates gradually over time… but its vital that inflation stays low, so we need to be careful not to cut too fast or by too much.”
Recent Comments