karen woodward talking to me earlier. underthe karen woodward talking to me earlier. big story today. under the other big story today. the bank of england has held interest rates at 5.25% for the fifth time in a row, but cuts are expected later in the year. this has a knock—on effect on what other banks charge their customers for loans such as mortgages, as well as the interest they pay on savings. 0ur economics editor, faisal islam was at the bank of england when the interest rate decision was announced and gave us his analysis. the rates decided by a vote of 8 to 1. i think what's quite interesting is that there were two votes for rises last month, in february. they've now gone, and so there's just one person voting for a cut, eight to hold. that's why they've held. so what you get overall, if you look across the whole committee, is an incremental move towards a cut. and we have had some new language from the governor of the bank of england, andrew bailey, just come in. and this is what he said: "in recent weeks, we've seen further encouraging signs. inflation's com