Berenberg: Bank of England is expected to hold its ground in March and cut interest rates in the coming months. Andrew Wishart from Berenberg Bank stated in a report on March 10th that the Bank of England may cut interest rates in the coming months, leading to a rate drop to 3.0% by the end of 2026. Due to the rise in oil and gas prices since the outbreak of the Middle East war, it is expected that the Bank of England will keep interest rates unchanged at 3.75% at its meeting on March 19th. The rise in energy prices has reignited concerns about inflation, prompting investors to reduce their expectations of a rate cut in the UK. However, Wishart stated that the weak job market, slowing wage growth, and higher energy costs in the UK will restrain consumer spending and may limit inflation upward. Continued high energy prices may delay interest rate cuts, but it is unlikely to completely end the process.