The Bank of England had a plan, but the Middle East could change everything

The Bank of England is widely expected to keep Bank Rate on hold at 3.75% at the Monetary Policy Committee meeting on 19 March. The expectation of no change suggests limited near-term upside for gilt yields or GBP volatility unless the MPC provides fresh guidance or new inflation/economic data shifts the outlook.

Analysis

The Bank of England is widely expected to keep Bank Rate on hold at 3.75% at the Monetary Policy Committee meeting on 19 March. The expectation of no change suggests limited near-term upside for gilt yields or GBP volatility unless the MPC provides fresh guidance or new inflation/economic data shifts the outlook.