Bank of England's Decision
The Bank of England (BoE) is anticipated to maintain its current interest rate at 4.5% during its upcoming Monetary Policy Committee (MPC) meeting on March 20, 2025. This decision comes amid escalating global economic uncertainty, primarily attributed to trade tensions stemming from U.S. President Donald Trump's recent tariff policies.
In February, the BoE reduced the base rate by 0.25 percentage points to 4.5%, marking the lowest rate since June 2023. This move was part of a series of rate cuts to stimulate economic activity.