What will be the Bank of England's Bank Rate at close of business on 19 December 2024?
Closing Dec 19, 2024 08:01AM UTC
The Bank of England, the UK's central bank, cut its benchmark Bank Rate by 0.25% for a second time in 2024 at its November monetary policy meeting (Bank of England - Monetary Policy Summary, August 2024, AP). The Monetary Policy Committee (MPC) sets the Bank Rate, which, as of 7 November 2024, was 4.75% (Bank of England - Bank Rate, Bank of England - Monetary Policy Summary, November 2024). As of the launch of this question, the MPC's next monetary policy meeting announcement is scheduled for 19 December 2024 (Bank of England - Monetary Policy Committee Calendar).
Confused? Check our FAQ or ask us for help. To learn more about Good Judgment and Superforecasting, click here.
To learn more about how you can become a Superforecaster, see here. For other posts from our Insights blog, click here.
| Possible Answer | Crowd Forecast | Change in last 24 hours | Change in last week |
|---|---|---|---|
| Less than 4.25% | 0% | 0% | -3.73% |
| At least 4.25%, but less than 4.50% | 0% | -0.30% | -9.36% |
| At least 4.50%, but less than 4.75% | 12.00% | -5.70% | -13.82% |
| At least 4.75%, but less than 5.00% | 88.00% | +6.30% | +28.18% |
| 5.00% or more | 0% | -0.30% | -1.27% |