Skip to content
Markets
Economics

Omicron Seen Trumping Inflation for Bank of England This Week

  • Economists expect BOE to hold off rate hike until February
  • Bloomberg survey reveals heightened uncertainty over outlook

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

The Bank of England is set to opt for caution over Covid rather than worries about inflation, pushing back its first rate increase since the pandemic into 2022, according to economists.