1612 GMT - U.K. inflation has been stronger than the Bank of England projected and this is likely to keep the central bank cautious, Bank of America analysts say in a note. The BOE is expected to keep rates on hold at 4.50% at Thursday's rate decision. U.K. labor market data was stronger than expected, lowering the possibility of a rate cut in March, BofA says. Money markets price in an 88% probability that the BOE will keep interest rates on hold this week. They price in two 25 basis-point rate cuts later in 2025, LSEG data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
March 18, 2025 12:12 ET (16:12 GMT)
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