According to online reports, Jack Meaning, chief UK economist at Barclays, said in a report that in the upcoming interest rate decision on March 20, the Bank of England may keep interest rates unchanged at 4.50%, and reiterated that future interest rate cuts will be gradual. "There is nothing in the data since February that would materially change the view of the (Bank of England's) Monetary Policy Committee," he said. He said the Bank of England may maintain policy guidance unchanged at its March meeting and may cut interest rates by 25 basis points in May.