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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.