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

Workers concerned about potential pensions tax changes

Workers concerned about potential pensions tax changes

Penfold research finds majority are concerned changes could be announced in the Budget

Martin Richmond
clock 06 October 2026 • 2 min read
Webinar: The rise of the total portfolio approach – register now

Webinar: The rise of the total portfolio approach – register now

Webinar will be held in association with L&G at 10am on Friday 9 October

Professional Pensions
clock 06 October 2026 • 1 min read
Budget could 'exacerbate' 76% pension lump sum withdrawal rate

Budget could 'exacerbate' 76% pension lump sum withdrawal rate

Among those aged between 55 and 64

clock 05 October 2026 • 2 min read
Trustpilot