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11th Dec 2024 20:14UKDaily Monitor

  • We expect the MPC to vote eight-to-one to keep Bank Rate on hold at next Thursday’s policy meeting.
  • Weakening business surveys and stalling job gains need to be set against firm wage and inflation signals.
  • The new shocks hitting the economy are stagflationary, which will keep the MPC cautious.

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Keywords for: 12 December 2024 UK Monitor MPC preview: on hold, and repeating the "gradual" mantra

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