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Ekonomické zprávy
15.11.2021

Bank of England is likely to raise interest rates in December - survey

According to a Bloomberg study, UK economists now expect the Bank of England to increase rates to 0.25% in December.

The survey was conducted in early November, when Bank of England officials warned of the need to raise rates in the coming months in order to return inflation to the target level (2%).

According to the average estimate of Bloomberg respondents, inflation in Britain will peak at 4.3% in the second quarter of 2022, which is higher than previously expected.

According to forecasts, the economy will return to pre-crisis size in the second quarter of 2022. Meanwhile, the Bank of England predicted that the pre-crisis level would be reached in the first quarter.

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