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Berenberg: The Bank of England is expected to keep rates unchanged in March and cut interest rates in the coming months

Berenberg: The Bank of England is expected to keep rates unchanged in March and cut interest rates in the coming months

金十金十2026/03/10 10:13
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Golden Ten Data, March 10 - Andrew Wishart from Berenberg Bank stated in a report that the Bank of England may cut interest rates in the coming months, leading to rates dropping to 3.0% by the end of 2026. Since the outbreak of the Middle East war, rising oil and gas prices are expected to prompt the Bank of England to keep rates unchanged at 3.75% at its March 19 meeting. The increase in energy prices has reignited concerns about inflation, causing investors to scale back expectations for UK rate cuts. However, Wishart noted that the UK's weak labor market, slowing wage growth, and higher energy costs will suppress consumer spending and may limit upward inflation pressure. Persistently high energy prices may delay rate cuts, but are unlikely to completely halt the rate-cutting process.
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