What will be the Bank of England's Bank Rate at close of business on 1 August 2024?

Good Judgment Open
★★★☆☆
60%
At least 5.00%, but less than 5.25%
At least 5.00%, but less than 5.25%
At least 5.25%, but less than 5.50%
At least 4.75%, but less than 5.00%
At least 4.50%, but less than 4.75%
5.50% or more

Question description

The Bank of England, the UK's central bank, has signaled that interest rate cuts may be coming (Bank of England - Explainer, BBC, Guardian, CNBC). The Monetary Policy Committee (MPC) sets the Bank Rate, which, as of the launch of this question, has been at 5.25% since August 2023 (Bank of England - Bank Rate, Bank of England - Monetary Policy Summary, August 2023). The MPC is scheduled to announce rate decisions on 9 May 2024, 20 June 2024, and 1 August 2024 (Bank of England - Monetary Policy Committee Calendar). This question is part of the 2024 UBS Asset Management Investments Recruitment Challenge. Click here for more details. 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.

Indicators

IndicatorValue
Stars
★★★☆☆
PlatformGood Judgment Open
Number of forecasts287
Forecasters84

Capture

Resizable preview:
60%
At least 5.00%, but less than 5.25%
36%
At least 5.25%, but less than 5.50%
3%
At least 4.75%, but less than 5.00%
1%
At least 4.50%, but less than 4.75%
< 1%
Less than 4.25%
Last updated: 2024-07-15
★★★☆☆
GJOpen
Forecasts: 287
Forecasters: 84

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