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Story summary
- The Bank of England (BOE) is expected to keep its policy rate unchanged as it weighs inflation risks from the conflict in Iran.
- UK payrolls rose by 20,000 in February, while the unemployment rate remained at 5.2% and wage growth cooled.
- Economists warn that rising energy prices could weigh on employment again.
- Markets show a 65% chance of a 25 basis point rate cut at the BOE's June meeting.
