A Reuters poll released on Friday found that the Bank of England (BoE) is projected to keep the Bank Rate at 3.75% at the June 18 meeting, based on a survey of 65 economists.
Regarding the future of interest rates, 40% of the polled expect at least one interest rate increase toward the end of the year, while six are eyeing a rate cut.
The survey showed that economists expect inflation to peak at 3.6% this year, approaching double the BoE’s 2% target, before falling to 2.6% in 2027. The economy is expected to grow 1% this year—up from May’s poll of 0.8%—and 1.1% in the next year.
Bank of England implied rates forward curve
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