The Bank of England hints that its rate-cutting actions may soon come to an end.

Jin10 data reported on August 7, the Bank of England reiterated its guidance to "take a gradual and cautious approach" in further reducing borrowing costs, but added a new clue in its outlook information, suggesting that its rate cut actions may soon come to an end. The Bank of England stated, "As interest rates are lowered, the restrictive nature of monetary policy has decreased," and no longer directly indicated that the policy remains restrictive. The Bank of England reaffirmed that there is no pre-set path for interest rates. Stopping the rate cut process would be a blow to Chancellor of the Exchequer Reeves and Prime Minister Starmer, who have been working hard to fulfill their commitments to voters to accelerate the UK's sluggish economic growth. Bailey stated that the decision for the fifth rate cut since last August was "very balanced," although he believes interest rates are still on a downward path.