The Bank of England has maintained its main interest rate at 5%, despite a significant rate cut by the U.S. Federal Reserve. This decision, supported by eight out of nine Monetary Policy Committee members, reflects ongoing concerns about inflation, particularly in the services sector, which saw a rise to 5.6% in August. UK inflation held steady at 2.2% in August, remaining above the Bank's 2% target. Governor Andrew Bailey cited the need to ensure inflation remains low before making further rate cuts. The Bank, which cut rates last month for the first time since the pandemic, is expected to consider further cuts in November, especially with upcoming government budget details.