Analysts predict that the Bank of England will keep its interest rate policy unchanged. According to Patrick Munnelly of Tickmill Group, the Monetary Policy Committee is leaning towards holding rates steady. The most likely scenario would see seven members voting to keep the benchmark rate at 3.75%, while two would favor a 25 basis point cut.
LSEG data supports this trajectory, showing a 97% probability that the London institution will maintain its rates in the coming days. This stability in interest rates aligns with the central bank's cautious approach amid current economic uncertainties.
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