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Bank of England to wait until February to next raise rates, say economists: Reuters poll
Most economists in a Reuters poll expect the Bank Rate to peak at 4.25% after last week’s 25 basis-point hike.
- Economists polled by Reuters on November 13 expect the Bank of England to wait until early next year before raising interest rates again, likely in February.
- Inflation is well above the central bank's 2.0% target and expected to rise above 4% next year, driven partly by global energy costs soaring due to Middle East conflict.
- Britain's economic growth accelerated to 0.7% last quarter, its fastest pace in 2-1/2 years, with economists raising their gross domestic product expansion forecast for this year to 1.5%.
- Bank of England Deputy Governor Clare Lombardelli said on Tuesday that upcoming meetings remain "live," noting, "I wouldn't rule December in or out, February in or out."
- HSBC economist Emma Wilks noted food price inflation will likely put pressure on rates throughout 2027, as inflation is expected to peak at 4.3% early next year.
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Coverage Details
Total News Sources4
Leaning Left0Leaning Right1Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
Factuality
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