United Kingdom Prime Lending Rate  Forecast 2016-2020

Bank Lending Rate in the United Kingdom is expected to be 1.08 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in the United Kingdom to stand at 1.24 in 12 months time. In the long-term, the United Kingdom Prime Lending Rate is projected to trend around 1.57 percent in 2020, according to our econometric models.

United Kingdom Prime Lending Rate
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Forecast Actual Q1/17 Q2/17 Q3/17 Q4/17 2020 Unit
Bank Lending Rate 1.25 1.08 1.12 1.24 1.24 1.57 percent
United Kingdom Prime Lending Rate Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of United Kingdom Prime Lending Rate using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - United Kingdom Prime Lending Rate - was last predicted on Tuesday, March 28, 2017.
United Kingdom Consumer Last Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence -6 -7 -2 -5 -8 2
Retail Sales MoM 1.4 0.2 0.2 0.1 0.4 0.5
Retail Sales YoY 3.7 3.5 3.3 3 2.6 2.7
Consumer Spending 310014 311000 312000 313000 314000 323000
Disposable Personal Income 310245 317100 326200 334400 347200 414400
Personal Savings 5.6 6.4 6.6 6.8 7 7.9
Bank Lending Rate 1.25 1.08 1.12 1.24 1.24 1.57
Consumer Credit 1416 1190 1370 1510 1680 2430
Gasoline Prices 1.48 1.47 1.46 1.44 1.43 1.41
Households Debt To Gdp 87.6 87.09 86.52 86.21 85.95 78
Households Debt To Income 125 124 124 123 123 115