The Bank of England kept its main interest rate unchanged at 4.5% on Thursday, despite the fact that the economy is barely growing. Policymakers are also contending with increased uncertainty, particularly in light of tariff policies enacted by the Trump administration in the US.
The decision by the nine-member Monetary Policy Committee was widely expected and comes a day after the US Federal Reserve also held interest rates. Minutes from the meeting showed that eight members voted to keep policy unchanged, with one backing a quarter-point reduction.
