BoE Holds Interest Rates Amid Inflation Uncertainty
The Bank of England (BoE) maintained its benchmark interest rate at 3.75% at its March policy meeting, in line with market expectations. All members of the Monetary Policy Committee (MPC) voted unanimously to hold rates.
This result was slightly more hawkish than expected by some market participants, who had previously speculated that two policymakers would vote for a cut. The unanimous decision reinforces the signal that the BoE still believes inflation risks have not abated enough to allow for rapid easing, potentially making the cut path more gradual than the previously priced scenario. (alg)
Source: Newsmaker.id