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

Obituary: Andrew Warwick-Thompson

Obituary: Andrew Warwick-Thompson

The industry remembers a man of ‘tremendous integrity’ with a ‘passion for making a real difference’

Jonathan Stapleton
clock 27 August 2025 • 2 min read
Pensions minister Torsten Bell to take on additional Budget responsibilities

Pensions minister Torsten Bell to take on additional Budget responsibilities

Bell will look at economic policy and help lead preparations for chancellor’s Autumn Budget

Jonathan Stapleton
clock 27 August 2025 • 1 min read
News Digest: Handover of £233m teachers' pensions contract delayed

News Digest: Handover of £233m teachers' pensions contract delayed

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 27 August 2025 • 1 min read
Trustpilot