– Bank of England to keep current Bank Rate at 5.25%
– Governor Andrew Bailey will address the public with a statement
– Monetary Policy Committee to consider U.K. inflation data and economic forecast

– U.K. inflation at 3.2% in March, higher than expected
– Core inflation at 4.2%, services inflation at 6%

– Traders divided on rate cut in June, 80% chance of cut in August
– Francesco Garzarelli of Eisler Capital: watching MPC voting split for hints
– Pressure on Bank to normalize policy due to declining inflation numbers

– U.S. Fed delaying rate cuts, Europe central banks charting own course
– U.K. growth downgrade for 2024, expected to lag behind G-7 economies

– Capital Economics: markets too cautious on rate cut pricing
– Predicts inflation to fall below 2% in April, 0.5% later this year
– Anticipates rate cut in June, reduction to 3% next year

– All eyes on Bank of England’s decision and its impact on the economy. Stay tuned for updates after the announcement.