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Analysis of UK Economists' forecast for BoE......>

UK: Analysis of UK Economists' forecast for BoE rates over 2018 show an
interesting swings in the median projections over the past two months. In March
economists were forecasting just one 25bps rate hike from the BoE in 2018, with
this hike coming in Q2. In April, Economists factored in a second hike for 2018,
with the median expecting this in Q4. But, with economists now expecting rates
to remain on hold at this week's meeting following a stream of weak data in Q1,
it looks like the medium forecast profile will return to just one BoE hike for
the year. The most recent forecast changes published by economists over the past
week show either just one hike later in the year, or no hike at all for 2018.

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