BoE still seen raising rates once in Q3 2018 - survey

Haresh Menghani FXStreet

According to the latest survey by Bloomberg of 51 economists, the Bank of England is still seen raising interest rates once in Q3 this year.

Key findings:

55% of respondents foresee a rate hike in August as against 60% in May.
UK economic growth expected at 1.4% in 2018 compared to the 1.3% in the previous survey.
Inflation forecasts remain unchanged with an estimate of 2.5% y/y for 2018 and 2.1% y/y for 2019.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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