Bank of England: Maintain interest rates at 5.25%

Invariably at 5.25% the Bank of England (BoE) maintained them, although it implied that there would be reductions in the future as inflation declines at a rate higher than predicted. The Monetary Policy Committee voted with 8 votes in favour of remaining interest rates at current levels, with just one member voting in favour of a 25-point reduction to 5%. It is noted, however, that no member of the Commission was in favour of an increase in interest rates, while at the previous meeting two members were in favour of an increase of 25 basis points. Inflation in Great Britain yielded more than expected, namely 3.4% in February, forming at the lowest levels found since September 2021. BoE estimates that the consumer price index will return to the 2% target in the second quarter of the year, with the energy prices for households estimated to record a fall in April as well.