The Bank of England: The Central Bank of England may 'stand still' in March and maintain a gradual pace of interest rate cuts

On March 13, Jinshi Data, analysts at the Royal Bank of Canada, said in a report that the Bank of England is expected to maintain the Inrerest Rate at 4.50% in the decision on March 20. LSEG’s data shows that the market expects a 94% likelihood that the Bank of England will maintain the Inrerest Rate in March. Analysts say the Bank of England may maintain a gradual pace of rate cuts in the coming months and cut rates three times in 2025.