At close of business on 8 May 2025, will the most recently announced Bank of England (BoE) "Bank Rate" be lower, the same, or higher than it was at close of business on 20 March 2025?
Closed May 08, 2025 07:01AM UTC
The BoE's Monetary Policy Committee (MPC) sets the Bank Rate, the interest paid to commercial banks that hold money with the BoE (Bank of England - Bank Rate). As of the launch of this question, the MPC's May 2025 monetary policy meeting announcement is scheduled for 8 May 2025, and its most recently announced Bank Rate was 4.50% (Bank of England - Monetary Policy Summary, February 2025 (6 February 2025), Bank of England - Monetary Policy Committee Calendar). If the BoE announces a range, the question will close using the midpoint of the stated range (e.g., an announced range of 2.00% and 2.25% would close based on 2.125%). The date the change will take effect is immaterial.
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The question closed "Lower" with a closing date of 8 May 2025.
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| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Lower | 81% | |
| Same | 18% | |
| Higher | 1% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 16 |
| Average for questions in their first 3 months: 124 | |
| Number of Forecasts | 70 |
| Average for questions in their first 3 months: 285 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | better than average |
