Interest rates held at 4% but ‘door open’ for a post

Sign up for our email featuring expert insight and funding opportunities for entrepreneurs and SMEs Sign up

I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice .

Interest rates have been kept at 4% following a narrow vote that experts say opens the door to borrowing costs being cut in December.

The central bank’s Monetary Policy Committee (MPC) opted to keep the rates the same at the final meeting before the autumn Budget .

Members of the nine-strong committee voted five to four in favour of maintaining the rate, which is used to dictate mortgage rates and other borrowing costs.

But the closeness of the vote, as well as speculation that possible tax rises in the upcoming Budget could push down on inflation, have increased the