"Bank of England Poised to Signal Potential Interest Rate Cuts"

The Bank of England is expected to keep interest rates steady at 5.25%, but market observers are looking for hints about potential future rate cuts. Recent economic data suggests progress in inflation indicators, with signs of rebalancing in the labor market and lower-than-expected wage growth and services inflation. Updated projections are anticipated to show upward adjustments to growth forecasts and a reduction in near-term inflation forecasts, potentially leading to a softer policy language. Some economists predict a potential easing of monetary policy around the summer, with expectations for a first rate cut in May.