Economists are split on whether the Bank of England will hike next month or wait until August, according to a Reuters poll.
They surveyed 71 BOE economists rate cut expectations are:
- 38 for August
- 31 for June
- 2 for September
That’s a slight shift towards August compared to last month’s poll and it comes as UK data has been solid. The consensus for the end of the year remains 4.50%, unchanged from last month.
Quarterly GDP is seen rising 0.3% each quarter through 2025.
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