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

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Bank of England cuts interest rate to 3.75%

Bank of England cuts interest rate to 3.75%

BoE MPC votes five to four to cut rates in final meeting of 2025

Patrick Brusnahan
clock 18 December 2025 • 6 min read
Pensions minister maintains AE thresholds following annual review

Pensions minister maintains AE thresholds following annual review

Torsten Bell has completed the annual statutory review of AE thresholds

Holly Roach
clock 18 December 2025 • 2 min read
Lumera acquires Acuity to strengthen UK foothold

Lumera acquires Acuity to strengthen UK foothold

Acquisition will see Acuity join Lumera’s UK organisation and expand to around 165 employees

Martin Richmond
clock 18 December 2025 • 1 min read
Trustpilot