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).
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| Possible Answer | Crowd Forecast | Change in last 24 hours | Change in last week |
|---|---|---|---|
| Less than 4.25% | 0% | 0% | -3.90% |
| At least 4.25%, but less than 4.50% | 0% | 0% | -10.90% |
| At least 4.50%, but less than 4.75% | 10.00% | -3.00% | -22.20% |
| At least 4.75%, but less than 5.00% | 90.00% | +3.00% | +38.40% |
| 5.00% or more | 0% | 0% | -1.40% |