Analyst: Some officials from the Bank of England may be paving the way for no action in May.

On March 20, Jinshi Data reported that analyst Goodman stated that one sentence from the Bank of England impressed him: "There is no assumption that monetary policy will follow a predetermined path in the upcoming meetings." The interesting part is not the content (which is quite standard for a Central Bank), but its position—it appears in the section supporting the interest rate remaining unchanged. Given that the assumed path of policy since the beginning of rate cuts has been roughly quarterly cuts, this suggests that some members may be laying the groundwork to vote for inaction in May.

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