UK ‘not out of woods’ on inflation as interest rates held

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleConsumer Prices Index (CPI) inflation remained at 3.8% in August, staying above the Bank's 2% target rate (Alamy/PA)The Bank of England has maintained interest rates at 4%, citing ongoing concerns about inflation in the UK. The Monetary Policy Committee voted to keep rates unchanged, following a 0.25 percentage point cut in August. Governor Andrew Bailey stated that while inflation is expected to return to the 2% target, future rate cuts will be gradual and cautious. Consumer Prices Index (CPI) inflation remained at 3.8% in August, staying above the Bank's 2% target rate. Rising food and drink inflation, which reached 5.1%, is attributed to higher commodity prices, labour costs, and new packaging regulations. Thank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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