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).
The question closed "More than 3.25%" with a closing date of 15 December 2022.
|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
|Number of Forecasters||62|
|Average for questions older than 6 months: 216|
|Number of Forecasts||401|
|Average for questions older than 6 months: 607|
|Participants in this question vs. all forecasters||average|