Economists forecast BoE to hold rates at 5.25% through to spring 2024

Reuters poll of economists finds majority do not expect rates to rise next week

clock • 1 min read
Most economists in the survey said they did not expect the Bank to cut rates until at least July next year.
Image:

Most economists in the survey said they did not expect the Bank to cut rates until at least July next year.

The Bank of England (BoE) will not hike interest rates any higher than its current level of 5.25%, according to economists surveyed by Reuters, who noted there was still a high chance of another increase.

61 out of 73 economists in the poll, conducted between 18 to 23 October, said they believed the Bank's Monetary Policy Committee (MPC) would not raise rates next week, in line with market expectati...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

National LGPS framework for integrated service providers and member data services goes live

National LGPS framework for integrated service providers and member data services goes live

Capita, Heywood, LexisNexis, Target and The Tracing Group among the firms appointed

Jonathan Stapleton
clock 01 May 2024 • 2 min read
Schemes going to 'feel pain' if they do not invest in admin

Schemes going to 'feel pain' if they do not invest in admin

Industry experts urge admins and trustees to work as closely together as possible

Holly Roach
clock 01 May 2024 • 2 min read
PSIG launches consultation to determine its future

PSIG launches consultation to determine its future

PSIG calls on industry for ‘more help’ if it wants the organisation’s work to continue

Jonathan Stapleton
clock 01 May 2024 • 3 min read
Trustpilot