Story perspectives
Bank of England Holds Rates Amid Inflation Concerns
11/6/2025
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Story summary
- Bank of England policymakers are expected to hold the Bank Rate at 4% at their meeting, with a December cut.
- Inflation stands at 3.8%, above the target but below expectations.
- Some analysts predict a surprise 3.75% cut ahead of the Autumn Budget on November 26.
- Chancellor Rachel Reeves says the Budget will focus on reducing inflation and may raise taxes to cover a fiscal gap of £20-50 billion.
