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.

洞察:
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 GBGB. 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.
FILE PHOTO: A direction sign is seen near the Bank of England building in London, Britain, February 3, 2025. REUTERS/Toby Melville/File Photo
FILE PHOTO: A direction sign is seen near the Bank of England building in London, Britain, February 3, 2025. REUTERS/Toby Melville/File Photo
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