Bank of England governor says ‘no room for complacency’ after leaving interest rates on hold – as it happened

BoE policymakers were split 5-4 on interest rates this month, with a narrow majority voting to leave Bank rate at 5.25%

• Bank of England keeps interest rates on hold at 5.25% in narrow vote
• Nationwide launches 8% account as battle for UK's savings intensifies

Another central bank decision hits the wires, with Norway's Norges Bank lifting its key interest rate by a quarter-point.

Norges Bank's Monetary Policy and Financial Stability Committee has raise the policy rate from 4.0% to 4.25%, due to inflation being markedly" above target.

Whether additional tightening will be needed depends on economic developments. There will likely be one additional policy rate hike, most probably in December.

Developments are thus going in the right direction, but inflationary pressures in the Swedish economy are still too high.

For inflation to fall back and stabilise around the target of 2% within a reasonable period of time, the Executive Board has therefore decided to raise the policy rate by 0.25 percentage points to 4%. The forecast for the policy rate indicates that it could be raised further.