Bank of England Leaves Interest Rates Unchanged, Signals It's Closer to Cutting

By Paul Hannon and Will Horner

LONDON--The Bank of England kept its key interest rate unchanged at a 16-year high, but indicated that it is on course to join its European peers in cutting rates over the coming months.

The U.K.'s central bank on Thursday left its key rate at 5.25% for the sixth straight meeting of its policymakers, in line with what investors and economists had been expecting. But in a fresh sign that a move is getting closer, two of the nine members of its Monetary Policy Committee voted to lower the key rate to 5%.

Write to Paul Hannon at [e-mail] and Will Horner at [e-mail]

(END) Dow Jones Newswires

05-09-24 0717ET