Interest rate futures put the chance of no change in Bank Rate on March 23 at about 40%, up from 25% earlier on Monday and around 10% last week. Bets on a quarter-percentage point rate hike fell to about 60%.
The move followed a similar drop in expectations about a rate hike by the Federal Reserve this month after U.S. authorities announced plans to limit the fallout from the collapse of SVB.
Source: Economy - investing.com
