Bank of England opens door to December rate cut as it signals inflation has peaked

<p>Policymakers keep borrowing costs at 4% before crucial budget while also warning of persistent weak growth</p><ul><li><p><a href="https://www.theguardian.com/business/2025/nov/06/bank-of-englands-decision-to-keep-interest-rates-at-4-is-not-all-doom-and-gloom">Analysis: Bank of England’s decision to keep interest rates at 4% is not all doom and gloom</a></p></li></ul><p>The Bank of England has opened the door to a December interest rate cut after signalling that inflation had peaked, as it kept borrowing costs unchanged before Rachel Reeves’s make-or-break budget.</p><p>With less than three weeks before the chancellor’s tax and spending statement, the Bank’s monetary policy committee (MPC) voted by a narrow five-four majority to keep borrowing costs unchanged for a second consecutive meeting.</p> <a href="https://www.theguardian.com/business/2025/nov/06/bank-of-england-holds-interest-rates-rachel-reeves-budget">Continue reading...</a>