Analysts expect Bank of England will hold interest rates

Investec's chief economist Philip Shaw said, 'This broad direction illustrates that collectively the committee is moving gradually towards a rate cut.'

While there's optimism within the monetary policy committee that inflation will close in on the all-important 2%, the Bank of England will need clear evidence of inflation under control.

HSBC analysts mentioned, 'If the Bank wants to even leave the door open for a June cut, it will need to push back against the market in its May communications.'

Read at London Business News | Londonlovesbusiness.com