Economists polled by Bloomberg after the Bank of England unanimous decision to raise interest rates
- survey of 31 economists
- majority expect benchmark to reach 1.25% by end 2019
- up 0.25 from the July survey
First move from the current 0.75 percent is forecast forQ2
- after the U.K.'s planned exit from the European Union -- suggesting that concerns a harsh Brexit will prevent the central bank from continuing its "limited and gradual" tightening path may be overdone
- "The difficult thing is Brexit," said Victoria Clarke, an economist at Investec in London. "But we're not expecting a big shock. That gives the BOE reassurance to push forward."
