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Bank of England maintains rates amid cautious outlook on employment trends

The Bank of England has maintained interest rates at 4.5%, with a notable shift as Catherine Mann has retracted her previous call for faster cuts, leaving only Swati Dhingra advocating for an immediate reduction. The committee appears to be leaning more hawkish, influenced by resilient employment data despite declining hiring sentiment. Upcoming redundancy notices will be crucial indicators to monitor ahead of the next meeting in May.
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British Pound Sterling Bank of England GBR Catherine Mann Swati Dhingra Jonathan Bailey Show more
Finance & Economy, Market Report
01:00 20.03.2025
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