- Analytics
- News and Tools
- Market News
- BOE seen raising rates by 50 bps to 2.25% in September – Reuters poll
BOE seen raising rates by 50 bps to 2.25% in September – Reuters poll
According to the latest Reuters poll of economists, the Bank of England (BOE) remains on track for a 50 basis points (bps) rate hike in September before returning to a more regular 25 bps increase in November.
Also read: GBP/USD prints corrective pullback around 1.2150 ahead of key UK statistics, Fed Minutes
Key findings
30 of 51 - said the BoE would take Bank Rate to 2.25% on Sept. 15 by adding 50 basis points. The other 21 suggested a more modest 25 basis point lift to 2.00%.
A large majority of those polled said the Bank would slow the pace in November to 25 basis points.
For the December meeting, 18 economists said the Bank would add another 25 basis points while 25 said it would pause.
The median forecast suggested borrowing costs would end the year at 2.50%, where they would stay until a cut in 2024.
UK economy to grow 3.5% in 2022, 0.2% in 2023 vs. 3.4%; 0.6% in July poll.
Inflation will reach 11.4% in the fourth quarter, higher than the 10.2% predicted last month, before slowing.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
