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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Mercer completes acquisition of SECOR Asset Management

Mercer completes acquisition of SECOR Asset Management

Mercer said acquisition expands the investment capabilities for its client base

Holly Roach
clock 02 May 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

CDC extension legislation, TPR annual DB funding statement and WPC report on DB market

Professional Pensions
clock 02 May 2025 • 1 min read
Industry split on whether Mansion House II will be positive step for DC schemes

Industry split on whether Mansion House II will be positive step for DC schemes

PP survey finds no consensus on whether new compact will be a step forward for DC sector

Martin Richmond
clock 02 May 2025 • 2 min read
Trustpilot