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8th Apr 2025 09:53UKDaily Monitor

  • Slow progress in implementing the Bernanke review leaves us pessimistic about the resulting changes.
  • Sub-optimal communication means the MPC will need higher interest rates than otherwise.
  • The rapidly evolving trade war means we see three further 25bp cuts to Bank Rate in 2025.

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Keywords for: 10 April 2025 UK Monitor

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