Interest rates set to be held as Bank backs ‘defensible strategy’

cityam

Mar 19

The Bank of England' Andrew Bailey is set to back pausing interest rate cuts. The Bank of England is set to hold interest rates at a crunch decision this afternoon as policymakers will opt for a “...

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The Bank of England is set to hold interest rates at a crunch decision this afternoon as policymakers will opt for a “...</p>\n\n<a href=\"https://www.cityam.com/interest-rates-set-to-be-held-as-bank-backs-defensible-strategy/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Interest rates set to be held as Bank backs ‘defensible strategy’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInterest rates set to be held as Bank backs ‘defensible strategy’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-19 11:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/interest-rates-set-to-be-held-as-bank-backs-defensible-strategy/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Bank of England' Andrew Bailey is set to back pausing interest rate cuts. The Bank of England is set to hold interest rates at a crunch decision this afternoon as policymakers will opt for a “...</p>\n\n<a href=\"https://www.cityam.com/interest-rates-set-to-be-held-as-bank-backs-defensible-strategy/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0368265418.SGD","symbol_name":"Blackrock World Energy Fund A2 SGD-H","start_time":0,"source_url":"https://www.cityam.com/interest-rates-set-to-be-held-as-bank-backs-defensible-strategy/","article_id":"2620321838","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2023/06/2.71500668-e1715244098217.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/interest-rates-set-to-be-held-as-bank-backs-defensible-strategy/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2620321838","pubTimestamp":1773889680,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"The Bank of England' Andrew Bailey is set to back pausing interest rate cuts. The Bank of England is set to hold interest rates at a crunch decision this afternoon as policymakers will opt for a “defensible strategy” in the face of uncertainty from the war in the Middle East.Markets have all but priced in a pause in interest rate cuts on Thursday, with most Monetary Policy Committee  members expected to highlight the inflationary risks posed by a prolonged war.Economists at Pantheon Macroeconomics said holding rates was a “defensible strategy” given Bank officials will be keen to see how a spike in oil prices affects households and firms’ price expectations over the coming months.Analysts said: “Five years of near-continuously above target inflation and elevated household surveys of expectations mean the MPC cannot be confident that an energy shock will cause a ‘transient’ inflation rise.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0368265418.SGD":"Blackrock World Energy Fund A2 SGD-H","BK4138":"石油与天然气的炼制和营销","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0266512473.USD":"JPM GLOBAL NATURAL RESOURCES \"C\" (USD) ACC","MPC":"马拉松原油","BK4585":"ETF&股票定投概念","LU0122376428.USD":"贝莱德世界能源基金A2","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","LU0788109394.HKD":"BGF WORLD ENERGY \"A2\" (HKDHGD) ACC","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4588":"碎股","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC"},"translate_title":"由于银行支持“防御策略”，利率将维持不变","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MPC":1},"content_text":"The Bank of England' Andrew Bailey is set to back pausing interest rate cuts. The Bank of England is set to hold interest rates at a crunch decision this afternoon as policymakers will opt for a “defensible strategy” in the face of uncertainty from the war in the Middle East.Markets have all but priced in a pause in interest rate cuts on Thursday, with most Monetary Policy Committee (MPC) members expected to highlight the inflationary risks posed by a prolonged war. Economists at Pantheon Macroeconomics said holding rates was a “defensible strategy” given Bank officials will be keen to see how a spike in oil prices affects households and firms’ price expectations over the coming months. Analysts said: “Five years of near-continuously above target inflation and elevated household surveys of expectations mean the MPC cannot be confident that an energy shock will cause a ‘transient’ inflation rise. \n\n“Rate-setters will want to avoid the Ukraine mistake too,” they added, referring to the Bank’s own admission that it failed to predict the persistence of inflation after 2022 since it underestimated stickiness in wage growth. \n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe Brent Crude oil price has jumped by over 40 per cent since the start of the war while a European gas benchmark price, the Dutch Title Transfer Facility (TTF), has spiked by around 70 per cent. Inflation dropped to three per cent in the year to January while forecasts before the war began suggested it would fall to two per cent in the year to April when policies stripping energy subsidies from household bills take effect. Pantheon Macroeconomics’ rule of thumb analysis on the impact of market prices, which reflects similar calculations conducted by the Treasury, suggests that each 10 per cent rise in oil prices adds around 11 basis points to inflation after around two months.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}