What will be the Bank of England's Bank Rate at close of business on 19 December 2024?
Closed 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).
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The question closed "At least 4.75%, but less than 5.00%" with a closing date of 19 December 2024.
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| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Less than 4.25% | 7% | |
| At least 4.25%, but less than 4.50% | 3% | |
| At least 4.50%, but less than 4.75% | 8% | |
| At least 4.75%, but less than 5.00% | 81% | |
| 5.00% or more | 1% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 28 |
| Average for questions in their first 3 months: 133 | |
| Number of Forecasts | 121 |
| Average for questions in their first 3 months: 304 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | better than average |
