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11th Sep 2024 17:35UKDaily Monitor

  • We expect the MPC to vote 7-to-2 to keep Bank Rate on hold at next week’s policy meeting.
  • Rate-setters will note slowing inflation supports faster cuts but a solid labour market suggests caution.
  • The MPC will signal further rate cuts are likely, but that policy will need to stay sufficiently restrictive.

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Keywords for: 13 September 2024 UK Monitor

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