Economics
BOE Rate-Hike Forecasts Pushed Out as Uncertainty Rumbles On
- Economists now see no move until the fourth quarter of 2019
- Policy maker Vlieghe takes a dovish tone on rate outlook
This article is for subscribers only.
Economists are pushing back their Bank of England predictions, meaning it’s a close call whether Governor Mark Carney will manage another interest rate hike before he leaves.
With a Brexit agreement yet to be found, a slew of weaker-than-predicted data and more dovish noises from the central bank, analysts in a Bloomberg survey now see the benchmark rate rising to 1 percent from 0.75 percent in the fourth quarter. They previously anticipated a move before the end of June.