The Bank of England has left its interest rates on hold at 4.25% during its Thursday meeting, though the bank has indicated that cuts were coming later in this year.

Earlier this year, the Bank of England said that it expects inflation to rise to 3.7% in the third quarter, before starting to cool into next year.

"The bank last month divided 5 [MPC members] to 4 over the decision to cut rates a little, and the majority were very much seeing the economy slowing down and the threat of a faster slow down if ...

Economists and analysts believe a 25-basis-point cut could come in August. The Bank of England kept its key interest rate on hold at 4.25% during its Thursday meeting, with economists expecting ...

"The bank last month divided 5 [MPC members] to 4 over the decision to cut rates a little, and the majority were very much seeing the economy slowing down and the threat of a faster slow down if ...

"The bank last month divided 5 [MPC members] to 4 over the decision to cut rates a little, and the majority were very much seeing the economy slowing down and the threat of a faster slow down if ...