Interest Rates

Bank of England keeps rates at 5.25% for third time in a row

Governor indicates indicates that interest rate cuts are unlikely in near future as efforts to reduce inflation continue

Andrew Bailey, governor of the Bank of England. ‘We’ve come a long way this year, and successive rate increases have helped bring inflation down from over 10% in January to 4.6% in October, but there is still some way to go.’ Picture: Getty