UBS asks:
What will be the Bank of England's Bank Rate at close of business on 21 September 2023?
Closed Sep 21, 2023 07:01AM UTC
The UK central bank, the Bank of England, has been increasing interest rates to combat inflation (Bank of England, US News & World Report). The Monetary Policy Committee (MPC) sets the Bank Rate, which has risen from 3.50% to start 2023 to 4.50% as of 7 June 2023 (Bank of England - Bank Rate, Bank of England - May 2023 MPC Minutes). The MPC is scheduled to announce rate decisions on 22 June 2023, 3 August 2023, and 21 September 2023 (Bank of England - MPC Schedule).
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The question closed "5.25% or higher, but lower than 5.50%" with a closing date of 21 September 2023.
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| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Lower than 4.50% | 0% | |
| 4.50% or higher, but lower than 4.75% | 0% | |
| 4.75% or higher, but lower than 5.00% | 0% | |
| 5.00% or higher, but lower than 5.25% | 0% | |
| 5.25% or higher, but lower than 5.50% | 15% | |
| 5.50% or higher | 85% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 61 |
| Average for questions older than 6 months: 206 | |
| Number of Forecasts | 324 |
| Average for questions older than 6 months: 584 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | better than average |
