What will be the Bank of England's Bank Rate at close of business on 6 February 2025?
Closed Feb 06, 2025 08:01AM UTC
The Bank of England, the UK's central bank, cut its benchmark Bank Rate by 0.25% for a second time in 2024 at its November monetary policy meeting and is expected to cut rates further in 2025 (Goldman Sachs, BBC). The Monetary Policy Committee (MPC) sets the Bank Rate, which, as of 19 December 2024, was 4.75% (Bank of England - Bank Rate, Bank of England - Monetary Policy Summary, December 2024). As of the launch of this question, the MPC's next monetary policy meeting announcement is scheduled for 6 February 2025 (Bank of England - Monetary Policy Committee Calendar).
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The question closed "At least 4.50%, but less than 4.75%" with a closing date of 6 February 2025.
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| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Less than 4.25% | 1% | |
| At least 4.25%, but less than 4.50% | 13% | |
| At least 4.50%, but less than 4.75% | 78% | |
| At least 4.75%, but less than 5.00% | 8% | |
| 5.00% or more | 0% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 20 |
| Average for questions in their first 6 months: 155 | |
| Number of Forecasts | 61 |
| Average for questions in their first 6 months: 411 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | better than average |
