Bank of England votes to hold rates as doves turn cautious

Quick Summary:

The Bank of England held rates at 4.5% as policymakers opted for caution, defying expectations of a cut amid inflation concerns and global uncertainty.

The minutes said there was “no presumption that monetary policy was on a pre-set path over the next few meetings,” suggesting that a cut in May wasn’t certain.

Still, the guidance suggested that a darkening global economic backdrop is yet to derail the UK central bank’s plan for a “gradual and careful” loosening.“There’s a lot of economic uncertainty at the moment.

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Article Details

Author / Journalist: Tom Rees, Bloomberg

Category: EconomyBusiness

Markets: United States

Topics: Bank of England U.K. Interest Rates UK LondonWires

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-20 @ 13:48:35 (2 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 699 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 175 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27191918

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Official Website: fortune.com

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Year Established: 1929

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News Last Updated: 8 hours ago

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