One in Three Economists See 2014 BOE Rate Increase
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Expectations the Bank of England will begin increasing interest rates in 2014 surged over the past month after Governor Mark Carney cautioned that investors were underestimating the risk, according to a Bloomberg survey.
Thirty-four percent of economists say the BOE will raise the benchmark rate from a record-low 0.5 percent by December, up from 12 percent in early June, the survey of 50 economists shows. The poll also finds half predict the first increase will come in the first quarter of 2015, compared with 43 percent.