The Bank of England cut interest rates to 4% from 4.25% on Thursday but four of its nine policymakers - worried about high inflation - sought to keep borrowing costs on hold.Here's what Bank of England officials said in a press conference following that decision:ANDREW BAILEY,

Yet when Bailey and colleagues on the BoE’s Monetary Policy Committee chop U.K. borrowing costs on Thursday, they will be continuing to cut at a pace that makes the current easing cycle among the longest in British history, according to Deutsche Bank.

Yesterday turned into quite an interesting day at the Bank of England with several implications for the future. On the surface we got what had been signaled by Governor Andrew Bailey on July 14th. The Bank of England is ready to make larger cuts to interest rates if the jobs market shows signs of a