Analysts: Ongoing signs of inflation make the Bank of England cautious about interest rate cuts.

On March 20, Jinshi Data reported that Brown, a strategist at Pepperstone, stated in a report that the concerning signs of persistent inflation in the UK give the Bank of England reason to be cautious about interest rate cuts for the time being. Brown noted that the inflation rate remains well above the 2% target, with the central bank expecting the Consumer Price Index to reach 3.75% in the third quarter. He anticipates that the Bank of England will cut rates by 25 basis points each quarter. However, he mentioned that if the labor market weakens significantly and sticky service prices decrease, the central bank may accelerate the pace of rate cuts.