Lloyds Bank pointed out that it is expected that the Bank of England will keep interest rates unchanged at this meeting, and the focus will shift to when interest rates are cut for the first time. Although Vice Governor Ramsden is likely to join the interest rate cut camp, they still think the likely voting result for the May meeting is 8:1. As market interest rates have been readjusted to higher levels over the past few months, it is expected that the inflation forecast after 2 years will be lowered to slightly less than 2%. The press conference after the meeting should send a strong signal that interest rate cuts are not far off.