FILE PHOTO: Governor of the Bank of England, Andrew Bailey looks on during the Bank of England financial stability report press conference at the Bank of England, in London, Britain August 7, 2025. Jordan Pettitt/Pool via REUTERS/File Photo

LONDON (Reuters) -Bank of England Governor Andrew Bailey said Bank Rate was likely to continue to be on a "gradual downward path" after a 5-4 vote kept the central bank's benchmark rate at 4.0% on Thursday.

"We are likely to continue to be on a gradual downward path for Bank Rate," Bailey told a press conference.

(eporting by William Schomberg, David Milliken and Suban Abdulla, writing by Sarah Young; Editing by Kate Holton)