On 9 November 2025 the Bank of England decided to keep its policy interest rate unchanged at 4% in a narrow vote of the Monetary Policy Committee, while explicitly opening the door to a potential cut in December - conditional on inflation and labour‑market developments. The vote, with five members favouring no change and four for a drop, underscores caution amid weak business investment, sluggish growth and risks from global market uncertainty. The guidance shift has implications for global bond yields and currency flows.