India, March 20 -- The Bank of England paused its monetary easing on Thursday amid intensifying uncertainty over global trade policy and weak economic growth in the U.K.
The nine-member Monetary Policy Committee, headed by BoE Governor Andrew Bailey, decided to maintain the Bank Rate at 4.5 percent, which was the lowest level since June 2023.
Only Swati Dhingra, an external member of the committee, preferred a quarter point reduction, while fellow policymaker Catherine Mann dropped her call for a rate cut.
The U.K. central bank had reduced the rate by 25 basis points in February after two such reductions last year.
"There was no presumption that monetary policy was on a pre-set path over the next few meetings," the bank said.
"Monetary...