1226 GMT - Yields on U.K. government bonds, or gilts, rise slightly after the Bank of England kept interest rates on hold at 4.50%, as expected. Eight members of the BOE's monetary policy committee voted to hold rates while one member voted for a 25 basis-point cut. Most analysts had expected at least two votes to cut rates. "The BOE's decision to hold interest rates steady reflects the ongoing balancing act amid Trump-driven market uncertainty, tariff policies, and the U.K.'s upcoming tax changes," Daniel Austin, CEO at ASK Partners says in a note. The 10-year gilt yield rises to 4.581% following the rate decision, from 4.566% prior. It remains 5 basis points lower on the day, however, Tradeweb data show. (miriam.mukuru@wsj.com)

(END) Dow Jones Newswires

March 20, 2025 08:26 ET (12:26 GMT)

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