The Bank of England (BoE) has voted not to reduce interest rates today, despite inflation holding lower than expected in September, along with jobs data showing vacancies are still falling. That led to some economists to predict the Monetary Policy Committee (MPC) members would vote to cut the base rate to 3.75 per cent - but it remains at 4 per cent instead.
There have been three cuts this year and could still be a fourth, with the MPC meeting again in mid-December and money markets pricing in a bigger chance of a reduction then, once the upcoming Budget has been taken into account.
