There will be no interest rate hike until 2019 according to BBC survey

4 Sep 2017 11:07 AM

The results of a survey conducted by the BBC for some economists were published. The most prominent of the following were the following:

  • Most surveyed economists don't expect to raise rates until 2019, although the inflation rate remains above the Bank of England target.
  • Most surveyed economists believe that the MPC will be reluctant to raise interest rates during the process of Brexit.
  • The interest rate will not be raised until further clarity on the UK trade framework emerges after the Brexit, and with inflation in 2018 expected to slow, so pressure will be reduced on the Bank of England to raise interest rates.
  • On the other hand, some economists believe that there is a rate hike soon, as some see it in the second or third quarter of 2018, while an economist at Nomura sees it to rise in November before the end of this year.

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