The PA news agency looks at what the decision means and what the Bank of England expects to happen to the economy.
The Bank of England held UK interest rates at 4.5%, maintaining a "gradual and careful" approach to easing policy. This decision is influenced by global economic developments, particularly new US tariffs. The Monetary Policy Committee is monitoring the impact of these tariffs on inflation and the overall economic outlook, alongside factors like energy prices, tax rises, and mortgage rates.
