The research department of Deutsche Bank predicts that the Bank of England will cut interest rates four more times by 2025, bringing the rate down to 3.50%. However, the bank's economist Sanjay Raja stated in a report that the Bank of England should maintain an interest rate of 4.50% at its next decision on March 20th. Raja said: "In our view, a 'gradual and cautious' approach is not conducive to continuous rate cuts - especially when overall CPI is rising." LSEG data shows that there is a 92% chance that the market expects the Bank of England to keep interest rates unchanged in March, with two more cuts expected by 2025.