BoE Expected to Hold Rates in March Amid Inflation Risks
Economists expect the Bank of England to hold rates at 3.75 percent this month. Rising energy costs have delayed the first expected cut until the next quarter.
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The Bank of England is widely expected to maintain interest rates at its upcoming March meeting, as economists pivot away from earlier predictions of a near-term cut. According to a recent Reuters poll, the majority of experts now anticipate the first reduction to occur in either April or June, citing heightened inflation risks linked to soaring energy prices and geopolitical instability involving Iran.
