According to the latest Reuters poll, 54 of 63 economists have voted in favor of a 25 basis point (bps) interest rate hike by the Bank of England (BoE) in policy meeting on November 5.
The poll also showed that UK inflation forecast to average 3.6% in Q4 2026, 3.8% in Q1 2027, 3.0% in year 2027 (vs 3.3%, 3.2%, 2.5% in September poll).
On the economic front, the Gross Domestic Product (GDP) growth is seen at 1.3% in 2026, 1.2% in 2027 (vs 1.1%, 1.2% in September poll).
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