MINUTES
About Minutes
Back to latest

EconomyCity economists say rates are unlikely to reach 4.75% by next summer

City economists say markets are overestimating how far the Bank of England will raise rates. Market pricing points to 4.75% by next July and possibly 5% by the end of 2027, but several economists expect a milder tightening cycle, with rates potentially falling again by the end of 2027.

Bank of Englandinterest ratesUK economyinflation

TThe Guardian★★★☆☆2026-10-25 12:00Original

City economists say rates are unlikely to reach 4.75% by next summer
City economists say rates are unlikely to reach 4.75% by next summerEconomy