Unchanged At 4.5% she kept her interest rates The Bank of England on Thursday, with officials of the Central Bank of Britain downgrading expectations for reductions in subsequent meetings, citing strong uncertainty in British and international economies.

More specifically, the Bank of England Monetary Policy Committee decided with 8 votes in favor and 1 vote against To remain interest rates in the current range in the midst of escalating commercial tensions worldwide. The only member of the committee who voted in favor of reducing interest rates by 0.2% was Suati Dingra.

The decision confirmed the expectations of economists.

“There is a great financial uncertainty right now,” the Bank of England Governor said, Andrew Baileyin his announcement.

Bailey added that the British Central Bank continues to believe that interest rates are on a gradual decline, but added that it would continue to “carefully consider developments in the world and domestic economy in each of the subsequent interest rates”.

The Bank of England’s Monetary Policy Committee said it still expects inflationary pressures to be mitigated, but “it does not mean that monetary policy is following a predetermined course against the next meetings”.