According to the latest Reuters poll, the BOE is seen holding interest rates at 0.25% until 2019.
Key findings from the survey:
“The medians in the poll of economists said the Monetary Policy Committee would hold Bank Rate at its record low of 0.25 percent until 2019. Those forecasters gave, on average, a near one-in-three chance of rates rising before this year is out.
Financial markets have fully priced in a 25 basis point hike by May 2018 but the poll said rates will not rise until 2019, ending that year at 0.75 percent.
Only two of the 80 economists polled in the past few days expect the MPC to tighten policy when it meets on Aug. 3, but they are joined by four others who expect an increase by end-December.
The chances of a hike in August are only one-in-five, according the poll.
The BoE expects wages to rise 2 percent this year before picking up in 2018 and 2019.
But that will lag price rises as inflation will average 2.7 percent this year, 2.6 percent next and 2.2 percent in 2019, the Reuters poll found.“
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.