GBINTRMarch/2025
source: Bank of England
- The Bank of England voted 8-1 to keep the Bank Rate at 4.5% during its March meeting,
as policymakers adopted a wait-and-see approach amid stubbornly high inflation and global economic uncertainties. The bank highlighted that, given the medium-term inflation outlook, a gradual and cautious approach to further withdrawal of monetary policy restraint remains appropriate.
CPI inflation increased to 3.0% in January, and while global energy prices fell,
inflation is expected to rise to 3¾% by Q3 2025.
Also, the MPC noted that global trade policy uncertainties and geopolitical risks increased, with financial market volatility rising. source: Bank of England
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