DippySkippy asks:
What will be the Bank of England's Bank Rate at close of business on 15 December 2022?
Closed Dec 15, 2022 08:01AM UTC
As the UK grapples with inflation like much of the world, the Bank of England increased its benchmark Bank Rate by 0.5% in August 2022, the largest increase since 1997 (CNBC, Guardian). The Monetary Policy Committee (MPC) sets the Bank Rate, and raised it to 1.75% at its August 2022 meeting (Bank of England - Bank Rate, Bank of England - August 2022 MPC Minutes). The MPC is scheduled to meet on 15 September 2022, 3 November 2022, and 15 December 2022 (Bank of England - MPC Schedule).
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The question closed "More than 3.25%" with a closing date of 15 December 2022.
See our FAQ to learn about how we resolve questions and how scores are calculated.
| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Less than 2.00% | 0% | |
| Between 2.00% and 2.25%, inclusive | 0% | |
| More than 2.25% but less than 3.00% | 1% | |
| Between 3.00% and 3.25%, inclusive | 6% | |
| More than 3.25% | 93% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 62 |
| Average for questions older than 6 months: 160 | |
| Number of Forecasts | 401 |
| Average for questions older than 6 months: 475 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
