The Bank of England voted to keep interest rates on hold on Thursday, as it weighs up sticky U.K. inflation with an uncertain growth outlook and jobs market. The monetary policy committee (MPC) voted by 7-2 to keep rates steady at 4%. The central bank last trimmed the key interest rate by 25 basis points in August.

The Monetary Policy Committee (MPC) will meet today to determine whether the Bank of England Base Rate will change. Most experts predict the MPC will hold interest rates at 4% after sticky inflation figures and an uncertain economic outlook.

Andrew Bailey has done little to ease the monumental challenge facing Rachel Reeves in her Budget in November.

The Bank of England kept rates unchanged on Thursday and said it was slowing the pace of its quantitative tightening programme and skewing sales away from long-dated gilts to minimise the impact on turbulent bond markets.

FT reports Bank of England’s plan to cap systemic stablecoin holdings faces pushback from Coinbase and UK trade groups over enforcement and competitiveness.

That, as our colleague Conor Cooper points out, is after Chair Powell pushed back against betting that the Fed is now set to sweep in with a series of reductions, instead calling this a “risk-management” cut and stressing that the decision making will still be meeting-by-meeting.

Interest-rate decisions are due from the Bank of England and the Bank of Japan, plus earnings from companies such as FedEx are slated. Here’s what to watch for: Today Economic data: Weekly jobless cla

The Bank of England’s Monetary Policy Committee, which next meets on Thursday, is facing a conundrum. The UK economy is sluggish and the labour market is gradually easing, yet successive inflation readings have been firmer than expected, casting doubt on whether further rate reductions are warranted for now.