Core Viewpoint - The Bank of England is likely to continue lowering the key interest rate, but there is increased uncertainty regarding the timing of future actions [1] Group 1: Interest Rate Decisions - The Bank of England reduced the key interest rate by 25 basis points last month, marking the fifth rate cut in a year [1] - Among the nine rate setters, four voted against the rate cut, citing a rebound in recent inflation data [1] - The Governor indicated that while the key interest rate remains on a downward trajectory, the pace of future cuts may not follow the previous quarterly reduction pattern [1] Group 2: Bond Portfolio Management - The Bank of England will maintain an "open attitude" regarding the reduction plan for its government bond portfolio, which will be announced on September 18 [1] - The scale of bond holdings reduction over the next 12 months may be less than the current cycle's £100 billion (approximately $134.3 billion) [1]