Bank of England Governor Andrew Bailey is cautioning his colleagues about making a hasty decision on interest rates, citing the uncertain global market conditions. The Monetary Policy Committee recently decided to leave the benchmark rate at 4.5% despite some members calling for an immediate cut.
Source: https://www.bloomberg.com/news/articles/2025-03-20/bank-of-england-votes-8-1-to-hold-rates-as-doves-turn-cautious