[Capital Economics: Bank of England More Likely to Delay Rather Than Cancel Rate Cuts] Jin10 News, March 12 – Paul Dales of Capital Economics stated in a report that the Bank of England is more likely to delay rate cuts rather than completely cancel them. The Middle East war has caused energy prices to surge and raised concerns about high inflation, prompting investors to lower their expectations for rate cuts. According to LSEG data, the UK money market currently prices in only a 5% probability of a rate cut by the Bank of England at its March 19 policy meeting, compared to 83% before the outbreak of the Middle East war. Capital Economics expects the Bank of England to keep rates unchanged at 3.75% in its March, April, and June rate decisions.