Wu said that the Bank of England has maintained the benchmark interest rate at 4.75%, in line with market expectations, with a cumulative interest rate cut of 50 basis points this year. Analyst Irina stated that the Bank of England is sticking to its gradual guidance, which 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 dissipate further.