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BOE poll: June rate cut from August is a close call
![BOE poll: June rate cut from August is a close call BOE poll: June rate cut from August is a close call](https://i1.wp.com/images.forexlive.com/images/BOE_id_faef04e2-3ad6-489a-9fa9-f4f40de8a568_size975.jpeg?w=975&resize=975,573&ssl=1)
Economists are divided on whether the Bank of England will raise rates next month or wait until August, according to a Reuters poll.
They surveyed 71 BoE economists. Rate reduction expectations are as follows:
- 38 for August
- 31 for June
- 2 for September
This is a slight change from August compared to last month’s poll and comes as UK data has been strong. The consensus for the end of the year remains at 4.50%, unchanged from last month.
Quarterly GDP is expected to increase by 0.3% each quarter until 2025.
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