BoE holds interest rates at 4%

THE BANK OF ENGLAND held interest rates at 4% ina tight vote that laid the groundwork fora December cut.

- PHILIP ALDRICK & TOM REES

Five members of the Monetary Policy Committee voted to leave policy unchanged, with GovernorAndrew Bailey swinging the decision, while four called fora quarter-point cut to 3.75%. The BOE said Septemberinflation of 3.8%was “likely tobe the peak.”