Capita Macro: The Bank of England may postpone rather than cancel rate cuts.

Paul Dales of Capital Economics stated in a report that the Bank of England is more likely to postpone a rate cut rather than completely cancel it. The Middle East war has caused a surge in energy prices and raised concerns about high inflation, leading investors to reduce their expectations of a rate cut. Data from the London Stock Exchange Group shows that the likelihood of a rate cut at the Bank of England's policy meeting on March 19 is currently 5%, lower than the 83% probability reflected before the outbreak of the Middle East war. Capital Economics predicts that the Bank of England will keep interest rates unchanged at 3.75% in its rate decisions in March, April, and June.