1258 GMT - The three-way vote split in the Bank of England's interest-rate decision highlights the challenge monetary policymakers face deciding the policy rate due to uncertainty around the effects of tariffs on the economy, Quintet Private Bank's Daniele Antonucci says in a note. Five MPC members voted in favor of a 25 basis-point rate cuts, two members voted for a biger 50bps rate cut, while two voted to keep rates unchanged. "The tariffs might eventually be disinflationary by weakening the pace of economic growth, but in the near term they might also raise inflation, with a risk that this feeds into inflation expectations," Antonucci says. "The situation remains very fluid." (miriam.mukuru@wsj.com)

(END) Dow Jones Newswires

May 08, 2025 08:58 ET (12:58 GMT)

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