The vast majority of council treasurers believe that the Bank of England official rate will peak at between 1% and 3% in the next five years. According to Room151’s 2018 Treasury Investment Survey, 45.6% think the rate will reach between 1% and 2%, while 44.8% think it will go up to between 2% and 3%.
Only 2.8% said they thought the rate would remain below 1% for the next five years.
