Eight members voted to maintain charges on the present stage, whereas one opted for a 25 foundation level lower. This marked a better consensus from the final assembly in February, when six members voted to carry, two referred to as for a rise to five.5% and one opted to chop by 25 bps.
The transfer was extensively anticipated by markets and follows the same path to the current choices by the European Central Financial institution and the Federal Reserve.
Nevertheless, the outlook for charge cuts could also be easing as inflation fell greater than anticipated in February at 3.4%, after stalling at 4% in December 2023 and January 2024.
UK inflation beat…
