1548 GMT - The Bank of England is likely to keep interest rates unchanged at 4.50% during the upcoming rate decision on March 20 and reiterate that future rate cuts will be gradual, Barclays chief U.K. economist Jack Meaning says in a note. "There has been nothing in the data since February that will have shifted the [BOE's] monetary policy committee views materially," he says. The BOE is likely to keep the policy guidance unchanged in March, Meaning says. A 25 basis-point rate cut is likely at the May rate decision, he says. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
March 14, 2025 11:48 ET (15:48 GMT)
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