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have voted to maintain bank rates at 5.25%. monetary policy remains restrictive. let me be clear, there is absolutely no room for complacency. inflation is still too high. we will keep interest rates high. we will keep interest rates high enough for long enough to make sure we get inflation all the way back to the 2% target. we will be watching closely to see if further increases are needed but even if they are not it is much too early to think about rate cuts. i m going to talk about inflation over the coming months and that i will turn to the outlook for the economy further ahead. and means for monetary policy. to start with the near term outlook for inflation. chart one from the report shows consumer price inflation and its components since 2019. it shows how inflation has continued to fall since the previous report in august. watch as we expected. inflation took a step down in the data forjuly published two weeks after the august report. as you can see in our near term pe

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