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

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Small pensions pot consolidator launched, Mansion House Compact II draft circulated, TPR superfund blog

Professional Pensions
clock 25 April 2025 • 1 min read
Utmost posts 90% annual AUA increase after entrance to UK BPA market

Utmost posts 90% annual AUA increase after entrance to UK BPA market

Group surpasses £100bn AUA mark but posts decrease in operating profit

Jasmine Urquhart
clock 25 April 2025 • 1 min read
Drive up social mobility to boost DEI initiatives, NextGen urges

Drive up social mobility to boost DEI initiatives, NextGen urges

Research finds industry focus groups have concerns over ‘diversity-washing’

Martin Richmond
clock 25 April 2025 • 4 min read
Trustpilot