BOE widely expected to keep bank rate unchanged next week - poll
All 71 economists poll expect BOE to keep bank rate unchanged at 4.75% next weekBOE expected to cut bank rate by 100 bps in 2025, likely by 25 bps each quarter19 of 23 economists expect US to put less than 10% tariffs on UK imports20 of 25 economists note that tariffs will have an insignificant impact on the UK economy4 of 25 economists said that the impact will be significant, the other one said there will be no impactAs things stand, the OIS market is seeing ~89% odds of the BOE keeping the bank rate unchanged on 19 December next week. So, the poll results fit with that. As for tariffs, it is a fair take as China and Europe are the ire of Trump at the moment. This article was written by Justin Low at www.forexlive.com.
- All 71 economists poll expect BOE to keep bank rate unchanged at 4.75% next week
- BOE expected to cut bank rate by 100 bps in 2025, likely by 25 bps each quarter
- 19 of 23 economists expect US to put less than 10% tariffs on UK imports
- 20 of 25 economists note that tariffs will have an insignificant impact on the UK economy
- 4 of 25 economists said that the impact will be significant, the other one said there will be no impact
As things stand, the OIS market is seeing ~89% odds of the BOE keeping the bank rate unchanged on 19 December next week. So, the poll results fit with that. As for tariffs, it is a fair take as China and Europe are the ire of Trump at the moment.
