Bank of England’s Monetary Policy Committee voted 6–3 to hold the Bank Rate at 4.25 per cent.
While inflation rose to 3.4 per cent in May, it is expected to decline next year.
The MPC cited weak UK growth, easing wage pressures, and elevated global risks as reasons for maintaining a cautious stance.
Policy will remain restrictive until inflation risks fall sustainably toward the 2 per cent target.
