✉news BusinessBanking first seen 3 d ago, last 2 d ago, peak #16
Bank of England seen raising rates to 4% in November
Original: POLL BoE to raise rates to 4% in November, but economists narrowly expect hold from there
A Reuters poll of economists points to the Bank of England raising interest rates to 4% at its November meeting. However, respondents are narrowly split over what comes next, with a slight majority expecting the BoE to then hold rates steady rather than continue tightening, suggesting markets see the hiking cycle nearing its peak.
Why now: Traders and households are watching for signs of when the Bank of England's tightening cycle will end.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/2362211