Morgan Stanley: Bank of England may pause interest rate hikes, waiting for more inflation data

```htmlGolden Ten Data reported on March 30 that Morgan Stanley strategists Fabio Bassanin and Luca Salford stated in their report that members of the Bank of England's Monetary Policy Committee may keep the interest rate unchanged at 3.75% during the policy meeting on April 30. They noted that most Bank of England officials appear inclined to wait for more evidence before responding to the latest inflation risks. According to LSEG data, the market currently expects a 62% probability of the Bank of England raising interest rates by 25 basis points in April, lower than last week's pricing of 87%.```