U.K. inflation has picked up but has mostly been driven by government policy rather than consumer demand. - Thomas Krych/ZUMA Press The Bank of England left its key interest rate unchanged Thursday, slowing but likely not ending a series of reductions in borrowing costs, as inflation remains stubbornly high despite a weak economy and a cooling jobs market. The key point The U.K.’s central bank left its key rate at 4%, breaking a pattern that dated back to August 2024 and involved making one, quarter-poi ...