1111 GMT - The Bank of England is unlikely to cut interest rates in March due to concerns about persistent inflation and the next reduction is more likely to come in May, Bank of America analysts say in a note. "The BOE [on Thursday] stuck to its cautious guidance, emphasizing a "careful", gradual and meeting-by-meeting approach as well as need for policy to remain restrictive, amid greater uncertainty," BofA says. With U.K. economic growth deteriorating, the analysts expect the BOE to conduct once-per-quarter interest-rate cuts for the remainder of 2025. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
February 07, 2025 06:11 ET (11:11 GMT)
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