Industry analysts expect the Bank of England to keep interest rates steady at the February meeting. According to Patrick Munnelly of Tickmill Group, reported by Jin10, the Monetary Policy Committee is likely to vote overwhelmingly in favor of maintaining the current monetary policy, with a split of 7 votes supporting stability and 2 favoring a 25 basis point cut to the current level of 3.75%. LSEG data confirms this outlook, indicating a 97% probability that the Bank of England will not change the key rate during this week's session. This decision reflects the cautious approach of England's monetary authorities in managing inflationary pressures within the European economic context.
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Industry analysts expect the Bank of England to keep interest rates steady at the February meeting. According to Patrick Munnelly of Tickmill Group, reported by Jin10, the Monetary Policy Committee is likely to vote overwhelmingly in favor of maintaining the current monetary policy, with a split of 7 votes supporting stability and 2 favoring a 25 basis point cut to the current level of 3.75%. LSEG data confirms this outlook, indicating a 97% probability that the Bank of England will not change the key rate during this week's session. This decision reflects the cautious approach of England's monetary authorities in managing inflationary pressures within the European economic context.