UBS asks:

What will be the Bank of England's Bank Rate at close of business on 1 August 2024?

Started Apr 03, 2024 02:00PM UTC
Closing Aug 01, 2024 07:01AM UTC

The Bank of England, the UK's central bank, has signaled that interest rate cuts may be coming (Bank of England - Explainer, BBC, Guardian, CNBC). The Monetary Policy Committee (MPC) sets the Bank Rate, which, as of the launch of this question, has been at 5.25% since August 2023 (Bank of England - Bank Rate, Bank of England - Monetary Policy Summary, August 2023). The MPC is scheduled to announce rate decisions on 9 May 2024, 20 June 2024, and 1 August 2024 (Bank of England - Monetary Policy Committee Calendar).

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Possible Answer Crowd Forecast Change in last 24 hours Change in last week Change in last month
Less than 4.25% 0% 0% 0% 0%
At least 4.25%, but less than 4.50% 0.81% 0% 0% -0.19%
At least 4.50%, but less than 4.75% 2.22% 0% -0.37% -1.78%
At least 4.75%, but less than 5.00% 9.59% 0% -0.16% -3.41%
At least 5.00%, but less than 5.25% 58.13% +0.35% +2.88% +4.13%
At least 5.25%, but less than 5.50% 27.28% -0.35% -2.35% +1.28%
5.50% or more 1.97% 0% 0% -0.03%

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