Economics

Will U.K. Interest Rates Rise in December? History Suggests No

Bank of England rarely shifts policy without new forecasts
Central bank’s only December hike in 45 years came in 1994

Bank Of England Headquarters Ahead of Interest Rate Decision — Photographer: Simon Dawson/Bloomberg

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By David Goodman

November 24, 2021 at 12:01 AM UTC

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Traders and economists are convinced that the Bank of England will increase interest rates in December for the first time since the pandemic began, but students of the central bank’s history may harbor more doubts.