UK ‘not out of woods’ on inflation as interest rates held

WorldBusiness & Finance
18 Sep 2025 • 7:32 PM MYT
The Independent
The Independent

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  • The Bank of England has maintained interest rates at 4%, citing ongoing concerns about inflation in the UK.
  • The Monetary Policy Committee voted to keep rates unchanged, following a 0.25 percentage point cut in August.
  • Governor Andrew Bailey stated that while inflation is expected to return to the 2% target, future rate cuts will be gradual and cautious.
  • Consumer Prices Index (CPI) inflation remained at 3.8% in August, staying above the Bank's 2% target rate.
  • Rising food and drink inflation, which reached 5.1%, is attributed to higher commodity prices, labour costs, and new packaging regulations.

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