A Reuters poll released on March 12 shows that economists are expecting the Bank of England (BoE) to keep interest rates on hold at its next meeting in March.
85% economists expect the bank rate to remain at 3.75% on March 19, up from 35% in the February poll. The median forecast indicates a cut in the bank rate to 3.25% by the end of September, with expectations that it will stay there until at least the end of 2026.
BoE CPI projection
In the latest BoE Monetary Policy Report published on February 5, policymakers projected CPI inflation to slow to 2.1% in 2026 Q2. But that’s before the Iran war started. The BoE will meet again on March 18 and announce its decision on March 19, while the next Monetary Policy Report will not be available until the April 30 meeting.
Source: https://www.fxstreet.com/news/the-boe-is-expected-to-hold-rates-at-375-in-march-reuters-poll-202603121338
