BOE Likely to Stick to Gradual Rate Cuts Due to Rising Uncertainty -- Market Talk
Dow Jones
Mar 20, 2025
0903 GMT - The Bank of England is likely to maintain a gradual pace of interest-rate cuts amid rising uncertainty surrounding U.K. fiscal policy, higher labor costs and global trade policies, Aberdeen's Luke Bartholomew says in a note. "Until some of that uncertainty has resolved, it will be difficult for the Bank to speed up its interest rate cutting cycle," he says. Money markets price in a 97% chance of the BOE holding its key interest rate at 4.50% when it announces a decision at 1200 GMT, LSEG data show.(miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
March 20, 2025 05:03 ET (09:03 GMT)
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