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

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Series of bulk annuity deals, Canada Life full-year results, and Procentia’s DB actuarial valuation system

Professional Pensions
clock 20 February 2026 • 1 min read
News Digest: Steve Webb: Pension admin is too often done poorly or 'on the cheap' and it's savers who lose out

News Digest: Steve Webb: Pension admin is too often done poorly or 'on the cheap' and it's savers who lose out

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

Professional Pensions
clock 20 February 2026 • 1 min read
Jayne Pocock: From chance beginnings to industry leadership

Jayne Pocock: From chance beginnings to industry leadership

Pocock talks about starting over in the UK, modernising the ‘engine room’ of the industry, and why members must always come first.

Jasmine Urquhart
clock 19 February 2026 • 4 min read
Trustpilot