Rate-setters at the Bank of England have voted to keep the base rate at 5%.
In August, interest rates were reduced from 5.25% — the first cut for more than four years.
At its latest meeting, members of the Bank’s Monetary Policy Committee (MPC) voted 8-1 in favour of maintaining the current rate. One member preferred another reduction of 0.25 percentage points, to 4.75%.
The decision was widely anticipated, particularly after data released yesterday showed that inflation was unchanged at 2.2% in August, with core inflation and services sector inflation going up.
Further cuts are expected later in the year.
Bank of England Governor Andrew Bailey said that, with inflation pressure cooling off, rates are likely to be reduced gradually over the coming months.
The next review is due on 7 November.
