0808 GMT - U.K. annual CPI inflation rising more than expected to 3.0% in January from 2.5% in December means it's unlikely that the Bank of England will cut interest rates in March, Abrdn's Luke Bartholomew says in a note. Gradual rate cuts should continue, however, as measures of underlying inflation were more encouraging, with services inflation weaker than expected. "Another rate cut in March looks pretty unlikely, with the Bank [of England] continuing with its gradual pace of easing for now," the deputy chief economist says. Inflation would need to head back towards the 2% target for the BOE to speed up the pace of rate cuts in the second half of the year. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
February 19, 2025 03:08 ET (08:08 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。