BOE's Concerns Over Economy Keep Door Open for May Cut -- Market Talk

Dow Jones03-20

1251 GMT - While the Bank of England's vote to hold rates was nearly unanimous, with only one policymaker voting to cut rates, there was enough to suggest that the central bank remains concerned over the health of the economy, said Suren Thiru, ICAEW economics director. That keeps the door wide open for an interest-rate cut in May, he says in a note. The path ahead remains filled with uncertainty, suggesting rate setters will continue to maintain their slow and steady approach to loosening monetary policy, Thiru says in a note. The BOE kept its key interest rate at 4.5%. (edward.frankl@wsj.com)

(END) Dow Jones Newswires

March 20, 2025 08:51 ET (12:51 GMT)

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The path ahead remains filled with uncertainty, suggesting rate setters will continue to maintain their slow and steady approach to loosening monetary policy, Thiru says in a note. The BOE kept its key interest rate at 4.5%. 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That keeps the door wide open for an interest-rate cut in May, he says in a note. The path ahead remains filled with uncertainty, suggesting rate setters will continue to maintain their slow and steady approach to loosening monetary policy, Thiru says in a note. The BOE kept its key interest rate at 4.5%. 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