BoE to keep rates unchanged

The Bank of England (BoE) is now expected to keep rates unchanged at their next meeting, according to poll results from Reuters.

Key highlights

BoE bank rate to stay at 0.5%, 59 of 62 surveyed economists said.

Poll results mark a complete reversal of the previous poll in April, where 69 of 76 economists expected a rate hike to 0.75% in May.

Polled economists now expect a rate hike in August, with a second rate increase in Q2 of 2019.

Market expectations now say there's only a 10% chance of a BoE rate hike this week.

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