The Bank of England is expected to hold interest rates at 4.25% during its upcoming announcement, following a cut from 4.5% earlier this year.

• The decision will be made by the Monetary Policy Committee at 12:00 BST.
• Analysts predict further rate cuts later this year due to persistent inflation, currently at 3.4%.
• Economic pressures include a 0.3% contraction in the economy and rising food prices, while global tensions may also impact inflation rates.