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14th May 2024 17:31UKDaily Monitor

  • We see the MPC continuing quantitative tightening at its current £100B-per-year pace in 2024/25.
  • The MPC has said explicitly that it does not see rate cuts and QT as contradictory.
  • Reserves will not reach ‘equilibrium’ until 2026, even with QT at a £100B-per-year pace.

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Keywords for: 16 May 2024 UK Monitor

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