Decline in Inflation Raises Possibility of BOE Rate Cut in May -- Market Talk
Dow Jones
Mar 26, 2025
0754 GMT - Slowing U.K. inflation raises the possibility of the Bank of England cutting interest rates in the next meeting in May, CMC Markets' Jochen Stanzl says in a note. U.K. annual headline inflation decelerated to 2.8% in February from 3.0% in January, while annual core inflation slowed to 3.5% from 3.7% previously. "The decline in inflation is good news for all those investors who are hoping for a rate cut by the Bank of England in May," Stanzl says. Markets price in 55% chance of a rate cut in May, up from a 44% chance priced in a week ago, LSEG data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
March 26, 2025 03:54 ET (07:54 GMT)
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