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Bank of England Set for Rate Cuts Amid Rising Inflation

2/18/2026

33 8 Full Breakdown

Summary

Story summary

A Reuters poll of economists expects the Bank of England (BoE) to cut the Bank Rate from 3.75% to 3.50% on March 19.
The poll also sees a second cut later in the year.
Inflation is expected to exceed the BoE's 2.1% forecast in the second quarter, and January CPI is seen at 3.0%.
The Bank of England's Chief Economist warned that underlying inflation remains high, complicating further reductions.

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Story summary

A Reuters poll of economists expects the Bank of England (BoE) to cut the Bank Rate from 3.75% to 3.50% on March 19.
The poll also sees a second cut later in the year.
Inflation is expected to exceed the BoE's 2.1% forecast in the second quarter, and January CPI is seen at 3.0%.
The Bank of England's Chief Economist warned that underlying inflation remains high, complicating further reductions.