Bank of England Holds Rates Amid Inflation Concerns
PGIM Fixed Income's Deputy Head of Global Economics, Katharine Neiss, PhD, reacts to the Bank of England's March Monetary Policy Meeting where the Bank maintained interest rates at 4.5%, citing persistent inflation and wage growth above the 2% target. While rates remain steady for now, Katharine anticipates another four cuts in 2025, reducing rates to 3.5% by year-end.