0850 GMT - The Bank of England is likely to maintain a gradual pace of interest-rate cuts, making three more cuts in 2025 of 25 basis points each, Investec Economics' Sandra Horsfield says in a note. The impact of U.S. steel and aluminium tariffs could negatively affect U.K. businesses and push down inflation. Increased uncertainty around the implementation of the tariffs could cause businesses to hold off on investing which could also push down inflation, she says. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
March 13, 2025 04:50 ET (08:50 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.