Economists Expect a U.K. Interest Rate Hike in May
- Previous monthly survey anticipated a move in February 2019
- May move now seen by just over 50% in Bloomberg survey
Nomura Says BOE Set to Hike in May Amid 3% Inflation
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Economists who were slow to predict the first Bank of England interest-rate hike in a decade last year now expect the next one to come in May, but the decision is seen as being on a knife-edge.
In Bloomberg’s monthly survey, 21 of the 41 economists predict a move to 0.75 percent that month, far earlier than the previous prediction in January. Last year a majority of economists didn’t foresee the November rate increase until a month before the decision, well after markets had priced it in.