From Yahoo Finance: 2025-03-20 08:01:00

The Bank of England kept interest rates steady at 4.5%, citing uncertainty in the global economy. Governor Andrew Bailey warned against quick rate cuts due to inflation risks from a tax increase. Analysts predict a possible pause in rate cuts, with expectations of a cut in August or May.

The U.S. Fed and European Central Bank are also cautious, with the U.S. cutting growth forecasts and the ECB warning of the impact of U.S. tariffs on euro zone growth. The Swiss National Bank and Sweden’s central bank took measures to address global economic risks. The BoE highlighted geopolitical uncertainties and the impact of Germany’s borrowing plans on European growth.

Read more: Bank of England raises prospect of pause in rate cuts as uncertainty mounts