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Interest rates unlikely to reach 4.75% by next summer, say City economists

The Guardian - 22 hours 45 min ago
Experts say Bank of England unlikely to increase rates by full percentage point and could lower them by end of 2027 Financial markets are wrong to predict the Bank of England will raise UK interest rates by a full percentage point or more by next summer, City economists believe. According to market-implied interest rate expectations, the Bank is likely to raise interest rates at least four times over the next year, lifting the bank rate from 3.75% today to 4.75% by the end of July, and possibly...
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