BoE: status quo on monetary policy

(CercleFinance.com) - The Bank of England (BoE) reports that at its meeting which ended on March 19, its Monetary Policy Committee voted to maintain its key rate at 4.
5%, by a majority of eight votes to one who would have preferred to reduce it by 0.25 percentage points.

'Twelve-month inflation rose to 3% in January, from 2.5% in December, slightly higher than expected in the February report. Price and wage pressures in the UK are easing, but remain somewhat elevated', it points out.

Given the Committee's evolving views on the medium-term inflation outlook, it believes that 'a gradual and cautious approach to further monetary policy withdrawal is appropriate'.

Copyright (c) 2025 CercleFinance.com. All rights reserved.