Poll results: IW readers undecided on BoE rate hike despite market pricing in 91% certainty

Meeting later today

Over half of the participants in Investment Week's Twitter poll believe the Bank of England will not raise interest rates in today's Monetary Policy Committee meeting, out of tune with markets predicting the Bank will go ahead with a 0.25% hike.

Investment Week's Twitter poll, which had 73 votes in total, showed 56% of respondents predict the BoE's Monetary Policy Committee will hold rates at 0.5% this month while 44% said the Bank will hike rates by 25 basis points. This is very much in line with Investment Week's nine industry commentators, who decided rates should be maintained at current levels with a 5-4 split. However, this is despite the swaps markets pricing in a 91% chance of a rate rise, according to Hargreaves Lansdown. The results of the Twitter poll may have been driven by the weaker-than-anticipated data last...