British government bond prices tumbled in the days after the data was released as investors added to bets high inflation will force the BoE to carry on raising interest rates, while lenders have been withdrawing mortgage deals.
Meanwhile, 27 of 47 saw Bank Rate at 5.00% or higher by end-September.
Bank Rate was seen sitting at 5.00% until early next year, hitting the wallets of indebted consumers already feeling the pinch from a cost of living crisis.
All but three of 39 common contributors to this poll and the last one lifted their year-end prediction.
The Bank needs to push back against the risk high inflation proves unexpectedly sticky, and may need to raise interest rates further, Monetary Policy Committee member Jonathan Haskel said last week.
Persons:
BoE, Simon Wells, Kallum Pickering, Jonathan Haskel, Jonathan Cable, Mumal Rathore, Anitta Sunil, Ross Finley, Chizu
Organizations:
Bank of England, of England, HSBC, Bank, Monetary, Thomson
Locations:
Berenberg