According to the latest survey by Bloomberg of 51 economists, the Bank of England is still seen raising interest rates once in Q3 this year.
Key findings:
55% of respondents foresee a rate hike in August as against 60% in May.
UK economic growth expected at 1.4% in 2018 compared to the 1.3% in the previous survey.
Inflation forecasts remain unchanged with an estimate of 2.5% y/y for 2018 and 2.1% y/y for 2019.
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