Interest rates unlikely to reach 4.75% by next summer, say City economists

Could UK Interest Rates Reach 5% by 2027? Experts Weigh In

Financial markets are pricing in several UK interest rate rises, potentially taking the Bank of England's base rate to 4.75 per cent or 5 per cent. Economists at Deutsche Bank, ING and Oxford Economics expect a more modest increase, with forecasts pointing towards a peak of around 4.25 per cent. Higher energy prices and uncertainty over inflation are driving market expectations, but analysts say some of the projected increases reflect investors'…

Interest rates unlikely to reach 4.75% by next summer, say City economists

Experts say Bank of England unlikely to increase rates by full percentage point – and could lower them by end of 2027 Financial markets are wrong to predict the Bank of England will raise UK interest rates by a full percentage point or more by next summer, City economists believe. According to…