OR Bank of England (Boe) kept unchanged today interest ratesas he assesses the persistent inflation In the United Kingdom with uncertain growth prospects and uncertain labor market situation, according to CNBC. In particular, the Monetary Policy Committee (MPC) voted 7-2 in favor of conservation of interest rates at 4%. The central bank reduced interest rates by 25 basis points in August.

“The Commission remains committed to eliminating any existing or emerging inflation pressures in order to reinstate inflation to sustainable levels on the 2% goal,” Boe said in a statement.

Although economists did not expect interest rates in September, they expected to see the distribution of votes and central bank estimates to find evidence of what MPC can do at its next meeting in November.

The Bank of England reiterated that “the gradual and careful further relaxation of monetary policy remains the appropriate choice”.

The MPC decision comes a day after the announcement of inflation data in the United Kingdom, which showed that there was no change in prices growth in August, with the consumer price index remaining at 3.8%.

August’s structural inflation, which excludes the volatile prices of energy, food, alcohol and tobacco, increased by 3.6% annually, compared to 3.8% in July. The annual inflation of services slowed from 5% in July to 4.7% in August.

The Bank of England predicts that inflation will culminate in 4% in September, twice as high as a 2% target, before receiving in the first half of 2026.

It is recalled that yesterday, US Federal Bank (FED) reduced interest rates by 25 basis points.