Bank of England expected to cut interest rates in March as economists predict further reductions later this year
Most economists expect a rate cut in March followed by another reduction later this year. Persistent inflation risks leave the timing of future moves unclear.
Insights:
A Reuters (poll) conducted between February 10–16 has found that a majority of economists expect the Bank of England to reduce the Bank Rate by 25 basis points to 3.50% at its upcoming meeting on March 19. Out of 63 economists surveyed, 41—representing over 60% of respondents—forecast this shift in the United Kingdom 
GB. This anticipated move would mark a significant near-term monetary easing for the UK economy, carrying broad implications for interest rates, inflation expectations, and financial markets.
GB. This anticipated move would mark a significant near-term monetary easing for the UK economy, carrying broad implications for interest rates, inflation expectations, and financial markets.
