The Bank of England maintains interest rate at 4% amid internal division, with a majority wanting more information on inflation before considering a cut. Decision differs from previous quarterly cuts due to high inflation at 3.8%, double the target. Possibility of rate cut in December depending on upcoming data and government budget. Treasury chief Rachel Reeves hints at raising taxes to tackle inflation.

Read more at Yahoo Finance: Divided Bank of England holds key interest rate at 4% despite hopes inflation has peaked