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Originally published by Capital Businessbusiness
November 6, 2025
2h ago
Bank says UK inflation has ‘peaked’ as it holds interest rates
NOV 6 - 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 Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Bank of England has held interest rates at 4%, following a tight 5-4 vote, stating that UK inflation has "peaked." This decision comes ahead of the government's Budget on November 26, with speculation of potential tax increases.
- Inflation currently stands at 3.8%, nearly double the Bank's target of 2%.
- Bank Governor Andrew Bailey indicated a preference to "wait and see" if price rises continued to ease rather than cutting rates now.
- The Bank expects food price inflation to remain higher this year before slowing in 2026, and forecasts the unemployment rate to hit 5% in the final three months of the year.
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