Golden Finance reports that the Bank of England has maintained the benchmark interest rate at 4.75%, in line with market expectations, with a cumulative rate cut of 50 basis points this year. Analyst Irina stated that the Bank of England's commitment to its gradual guidance is a bold move. The bank's rate setters indicated that monetary policy will need to remain restrictive for a sufficiently long period until the risks of inflation sustainably returning to the 2% target in the medium term further dissipate.