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Bank of England's Rate Cut Uncertainty Ahead of March Vote

2/25/2026

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Summary

Story summary

Bank of England Governor Andrew Bailey said a March rate cut remains uncertain, noting that more evidence is needed before a decision.
The Monetary Policy Committee will vote on March 19 on the current Bank Rate of 3.75%.
Inflation is projected to reach 2% by spring, aided by energy bill support from the autumn budget.
Huw Pill, Chief Economist, cautioned that disinflation is not yet complete.

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Story summary

Bank of England Governor Andrew Bailey said a March rate cut remains uncertain, noting that more evidence is needed before a decision.
The Monetary Policy Committee will vote on March 19 on the current Bank Rate of 3.75%.
Inflation is projected to reach 2% by spring, aided by energy bill support from the autumn budget.
Huw Pill, Chief Economist, cautioned that disinflation is not yet complete.