LONDON, March 13 (Reuters) - Investors bet more heavily
on Monday on the possibility that the Bank of England will halt
its run of interest rate increases at its March meeting next
week after the failure of U.S. lender Silicon Valley Bank (SVB).
Interest rate futures put the chance of no change in Bank
Rate on March 23 at about 40%, up from 25% earlier on Monday and
around 10% last week. Bets on a quarter-percentage point rate
hike fell to about 60%.
The move followed a similar drop in expectations about a
rate hike by the Federal Reserve this month after U.S.
authorities announced plans to limit the fallout from the
collapse of SVB.
(Writing by William Schomberg, editing by Andy Bruce)
Reuters Messaging: william.schomberg.reuters.com@reuters.net))
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