38% of Bank of England economists predict a rate cut in August, with 31% in June and 2% in September, according to a Reuters poll.
38% of Bank of England economists predict a rate cut in August, 31% in June, and 2% in September, indicating a close call between June and August rate cuts, according to a Reuters poll. UK data remains solid, and the consensus for the end-of-year interest rate is 4.50%, unchanged from last month. Quarterly GDP is projected to rise 0.3% each quarter through 2025.
May 16, 2024
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