UK Rate decision: Thursday, 12:00. The Bank of England left its interest rate at 0.25% leaving the door open for another cut in the coming months. The central bank cut its rate from 0.5% to 0.25% to ensure the stability of the UK’s banking system in the aftermath of the June Brexit referendum vote. However, policy officials said a further cut is possible in the following months. Economic forecasts in November remained unchanged from August. The Bank noted that many economic indicators have suggested that the UK economy has overcome the post-referendum aftermaths, therefore the Bank is not as worried about the short-term state of the economy.