Economists Expect Bank of England to Hold Rates Until February 2027

A Reuters poll of economists indicates that the Bank of England is expected to keep interest rates unchanged until February 2027, despite robust British economic growth of 0.7% last quarter and inflation projected to exceed 4%. While the Monetary Policy Committee recently voted 8-1 for a 25 basis point hike, with one member favoring a 50 basis point increase, Deputy Governor Clare Lombardelli has stated that she would not rule out a rate hike in either December or February.