18 Sep 2025 | 3 Mins Read
Bank of England keeps main interest rate at 4% amid high inflation
Flipitmoney
The Bank of England kept its main interest rate at 4% due to inflation in the UK remaining at 3.8% in the year to August, almost double its 2% target. Economists are split on whether to cut rates further, as inflation is stickier than anticipated due to high wage increases, potentially leading to a decision at the next meeting in November.