According to Jinshi, analyst Marcus Ashworth said that the Bank of England wants to be the least likely major central bank to cut interest rates, but it can only hold out for so long before weak economic data forces it to act. Consumer price increases have slowed after reaching double digits, and many economists expect inflation to fall back to the 2% target in the coming months. Institutions expect the UK CPI to be below the 2% target in April and to fall to 1.5% later this year. Using this week's policy meeting to discuss the possibility of a rate cut would be a wise forward-looking move.