The Bank of England, the UK's central bank, announced on the 19th that it would maintain the benchmark interest rate at 4.25%, in line with widespread market expectations. The Bank of England's interest rate decision this time was based on multiple considerations. On the one hand, the current domestic inflation level remains above the 2% target set by the Bank of England. On the other hand, the intensification of regional conflicts may disrupt the stability of the international supply chain, thereby driving up inflation in the UK. Under these circumstances, the Bank of England has adopted a cautious and observant stance on monetary policy. However, within the Bank of England, there is a growing call for further interest rate cuts and the adoption of an accommodative monetary policy. In this vote, three out of the nine members of the Monetary Policy Committee supported a 25 basis point interest rate cut.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.