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30th Oct 2024 10:36UKDaily Monitor

  • We expect the MPC to vote eight-to-one to cut Bank Rate by 25bp at next Thursday’s policy meeting.
  • Growth, inflation and crucially CPI services inflation have undershot rate-setters’ expectations.
  • The MPC will open the option of consecutive cuts, but higher forecast inflation will keep it cautious.

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Keywords for: 1 November 2024 UK Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence