BOE to keep rates on-hold next week – Reuters Poll

According to the results of the latest Reuters poll of 75 economists, all of them see the BOE keeping rates on-hold, when it meets next week to decide on its monetary policy.

Key Findings:

All 75 economists polled expect BOE to leave bank rate at 0.50 pct.

Next rate move expected in q4 2018, a 25 basis point hike (same as December poll).

Median 15 pct chance of the UK recession this year (20 pct in December poll).

The UK economy to grow 1.4 pct in 2018; 1.5 pct in 2019 (1.3; 1.5 in December poll).

Median 20 pct chance of disorderly Brexit (25 pct in December poll).