{"id":409311,"date":"2026-02-05T13:09:07","date_gmt":"2026-02-05T13:09:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/409311\/"},"modified":"2026-02-05T13:09:07","modified_gmt":"2026-02-05T13:09:07","slug":"bank-of-england-holds-interest-rates-at-3-75","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/409311\/","title":{"rendered":"Bank of England holds interest rates at 3.75%"},"content":{"rendered":"<p>Analysts say interest rate cut in March now expectedpublished at 12:57 GMT<\/p>\n<p>12:57 GMT<\/p>\n<p class=\"ssrcss-3u1n9h-Contributor etflsgg2\">Faarea Masud<br \/>Business reporter<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The view from analysts so far is that a cut in March is expected.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Lindsay James from Quilter says that the narrow vote clearly indicates that a cut is anticipated: \u201cThis is a much closer split than had been expected, and the Bank\u2019s stance has shifted somewhat, clearly outlining that it expects rates to be cut further based on the current evidence\u201d.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">She adds: \u201cCrucially, the Bank will also want to see evidence of cooling wage growth. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;Recent payrolls data has shown persistent weakness in the labour market, and this could bring pay settlements, and subsequently inflation, down faster than the Bank currently assumes.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">\u201dSlower wage growth will mean a cool-off in the economy, bringing inflation down further, clearing the way for a rate cut.&#8221;<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Analysts at Hargreaves Lansdown say the close vote also indicates a rate cut next month, as well as economists at Capital Economics who say the Bank appears more open to cuts.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;What\u2019s more, two of the five who voted to keep rates on hold indicated they could vote for a rate cut soon,\u201d writes Paul Dales from Capital Economics.<\/p>\n","protected":false},"excerpt":{"rendered":"Analysts say interest rate cut in March now expectedpublished at 12:57 GMT 12:57 GMT Faarea MasudBusiness reporter The&hellip;\n","protected":false},"author":2,"featured_media":409312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-409311","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/409311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=409311"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/409311\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/409312"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=409311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=409311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=409311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}